-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On Wednesday, the main contract of Shanghai copper 1809 fluctuated in a narrow range around 50,000 yuan / ton, trading at 50310-49680 yuan / ton during the day, and closing at 49950 yuan / ton at the end of the day, up slightly by 0.
06%
on the day.
In terms of term structure, Shanghai copper maintained a positive arrangement of near low and far high, and the current Shanghai copper 1809 contract rebounded by 3.
79% from the low of 48010 yuan / ton in this round of correction, and the positive price difference between the Shanghai copper 1809 contract and the 1810 contract widened to 130 yuan / ton, indicating that the willingness of forward contracts to rebound expanded
.
In the external market, Asia Lun copper fell under pressure, with a trading range of 6299-6192 US dollars / ton, of which as of 16:08 Beijing time, the three-month London copper was reported at 6209 US dollars / ton, down 1.
78%
on a daily basis.
In terms of positions, as of July 30, the position of London copper was 308,000, a slight increase of 372 lots per day, and the recent rise in London copper positions showed that bears actively took profits on
dips.
In terms of the market, overnight Shanghai copper rushed, but once again showed that the rebound was blocked, the market funds were loose at the beginning of the month, the price of the holder raised the water sentiment further fermented, the quotation has been fully premium, the morning market quotation flat water - premium 40 yuan / ton, the morning market buying strong, the transaction enthusiastic, so the holder again raised the quotation to 10-50 yuan / ton, but the transaction activity has not further improved, the market temporarily stopped, so that the transaction maintained the level of flat water - premium 40 yuan / ton
.
The downstream inquiry increased and the purchase was acceptable, and the wet copper was mostly traded
at a discount of 40 yuan / ton.
The supply of low premium water is still attractive, but the intention of cargo holders to push up water is still unfinished, and after a short tug-of-war between supply and demand, spot premium may still rise
in the short term.
On the macro front, the Asian dollar index rebounded and is now trading around 94.
6, and the market is now waiting for this week's Fed interest rate meeting to seek more interest rate hike signals
.
In addition, the renminbi traded at 6.
8293 against the dollar, slowing down markedly and approaching a new high
since June 27 last year.
In terms of industry, the president of Chile's main labor union at the Caserones copper mine said on Tuesday that the union had rejected the final version of the salary contract proposed by operator Lumina Copper, and the union had voted to approve the strike, which is scheduled to start
on August 7 after a mandatory mediation period.
Lumina copper production accounts for more than 2%
of Chile's total annual copper production.
During the day, the Shanghai copper 1809 contract oscillated to 49950 yuan / ton
.
At the same time, the US dollar index maintained a high level, short-term need to be vigilant of technical correction after the continuous rebound, it is recommended that the Shanghai copper 1809 contract can sell high and low between 50500-49800 yuan / ton, and the stop loss is 450 yuan / ton
each.
