-
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
Last week, Shanghai copper rushed back down
.
The average weekly settlement price of the current month's contract is 58880 yuan / ton, an average daily increase of 42 yuan / ton; The average price of the previous week was 58816 yuan / ton, up 0.
11%
from the previous month.
London copper rebounded
from its lows last week.
The average price of LME copper in the first four trading days was 8003.
75 US dollars / ton, up 25 US dollars / ton per day; The average price last week was 7966.
8 US dollars / ton, up 0.
46%
from the previous month.
On the macro front, China's gross domestic product (GDP) increased by 2.
3% year-on-year in 2020, taking the lead in achieving positive growth among the world's major economies, industrial production rebounded quarter by quarter, and manufacturing rebounded significantly
.
The ECB left its key interest rate unchanged, warning that the recent surge in cases posed a risk
to the recovery.
The United States is likely to continue large-scale economic stimulus measures to help ease the impact of the epidemic and promote economic recovery, and there is some support
for copper prices.
In terms of the market, during the week, domestic spot copper prices fluctuated
.
The average price of Yangtze River nonferrous metal net 1# copper was 58974 yuan / ton, down 148 yuan / ton per day, and down 1.
24% on the weekly line; The average price of the previous week was 58,964 yuan / ton, up 10 yuan / ton compared with last week, down 0.
02%
from the previous week.
In terms of stocks, London copper stocks continued to decline last week, with a cumulative decrease of 12,225 metric tons to 87,725 metric tons, a cumulative decrease of 12.
23%.
Shanghai copper inventories continued to decline during the week, falling by 6,437 tons, or 8.
43%, to 67,248 tons
.
The domestic Spring Festival holiday is gradually approaching, consumption is weakening seasonally, the operating rate of downstream enterprises is declining, and the epidemic has weighed on
the demand outlook.
However, the current inventory expectations are not reflected, the inventory of the three major exchanges is generally at a relatively low level, the end market such as automobiles is performing well, low inventory can still provide some support, and copper prices remain volatile
.
