-
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
Today's Shanghai copper strengthened all the way in the morning, and rose significantly in the afternoon, closing up 0.
74%, and the center of gravity of non-expired prices did not move
significantly upward.
The rise in macro uncertainty still suppresses the trend of copper in the period, but downstream production has resumed one after another, superimposed on the rising trend of surrounding varieties, and copper prices are running
strongly.
In terms of news, the current conflict between Russia and Ukraine has heated up again, and the development of the situation is highly uncertain, the market risk aversion is still high, suppressing the trend of copper
.
Yesterday, the geopolitical crisis in Eastern Europe escalated again, Russia and Ukraine accused each other of firing, and the United States accused Russia of untrue
information about the withdrawal of troops announced earlier.
Stimulated by this event, risk aversion in the global market heated up again, and copper prices weakened
slightly.
In terms of the market, Shanghai Metal Network 1# electrolytic copper quotation 71450-71600 yuan / ton, the average price of 71525 yuan / ton, down 25 yuan / ton
from the previous trading day.
The spot market transaction is average, and the premium is down 25 yuan / ton
from yesterday.
Today, the downstream purchases on demand, the market still imports more copper, in addition, the increase in warehouse circulation pressures spot premium
.
In the first period, flat water copper generally rose by 100 yuan but the transaction was rare, and in the second period, the lowest heard increase was 70 yuan in the transaction, and the mainstream transaction was around 80 yuan
.
Today's good copper trading volume is small, and the actual transaction is about
100 yuan up.
Wet copper is still scarce
.
In terms of inventory, LME copper stocks once increased by more than 5,000 tons, fell slightly yesterday, and the overall inventory level is still at the low level in recent years, but the proportion of write-offs continues to decline
.
At the beginning of the week, the inventory of Shanghai copper warehouse receipts continued to increase, and the increase was large, but it stopped accumulating
yesterday.
Although downstream production has resumed one after another, there are warehouse receipts outflow in Shanghai, and inventory in South China has accumulated again, and the premium has deteriorated
slightly.
Overall, risk asset prices are under pressure
on geopolitical tensions and the outlook for the Federal Reserve's accelerated monetary tightening.
However, fundamentally, domestic inventories stabilized, overseas inventories declined, and overseas spot premiums expanded, which still formed a bottom support
for prices.
