-
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 Tuesday, the main 1801 month contract of Shanghai copper fell slightly by 53,300 yuan after the open, and the price rose quickly to 53,700 yuan in the afternoon, and fell slightly again before closing, and finally closed at 53,430 yuan, up 450 yuan, or 0.
85%, and the index position decreased by 1,878 lots to 766,000 lots
.
In the external market, the LME copper opened volatile lower than $6,815 in March, after which the price rebounded to $6,850, and the price fell under pressure in the afternoon, and the final price closed at $6,828.
5, down $9.
5, or 0.
14%.
In terms of the market, Shanghai copper rebounded, intraday market quotations remained stable, long-term order delivery is imminent, market transactions also stabilized, especially the cost-effective flat water copper transaction stabilized, market buying has improved compared with the previous day, traders continue to buy cash selling period, although the supply is abundant and unchanged, but some holders estimate that the value of the preservation is trapped, the speed and amplitude of shipments are limited, waiting for the guidance
of the market trend 。 In the afternoon session, the holder's quotation maintained stability, and the discount refused to expand, because the price of the plate rose from the previous day, the market trading activity decreased, flat water copper newspaper discount 170 yuan / ton - discount 150 yuan / ton, good copper newspaper discount 110 yuan / ton - 90 yuan / ton, the transaction price is 53130 yuan / ton - 53280 yuan / ton
.
In terms of copper scrap, due to the lack of import resources to replenish, the supply of recycled copper is very scarce, at the current price, the selling sentiment of holders is strong, the asking price is firm, and some recycled copper varieties with a very tight supply maintain a slight premium quotation
.
Since entering November, the problem of tight funds at the end of the year has become more and more obvious, and copper manufacturers are still cautious in purchasing goods under the condition of weakening demand, and on-demand procurement is the mainstay
.
In the face of tight funds, weakened demand and poor market conditions at the end of the year, traders mainly operate with light positions to minimize business risks
.
The tight supply of recycled copper has led to an increase
in demand for electrolytic copper.
Entering the heating season, the downstream copper demand in the North China market has generally weakened, and there are few
transactions.
In terms of news, the International Copper Research Group (ICSG) said that the global refined copper supply oversupply in August was 85,000 tons, and the supply gap in July was 07,000 tons
.
Global refined copper output in August was 2.
01 million tons, and consumer demand was 1.
92 million tons
.
The global supply gap from January to August was 139,000 tons, compared with 139,000 tons in the same period in 2016
.
At present, the decline in LME inventories, coupled with the latest data showing that China's house prices were generally stable in October, stimulated a slight rebound in the copper market, but the trend of further weakening of the late discount will also suppress the copper rally, and it is expected to remain weak and volatile in
the short term.
From the perspective of futures, the main MACD dead cross and KDJ gold cross of Shanghai copper, the price temporarily stabilized near the 60-day moving average during the day, and faced the counterpressure of the 20-day moving average above, continuing to pay attention to downstream procurement
.
