-
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
This week's Shanghai copper index rose after the high volatility, early in the week by the Chilean copper mine strike and the dollar index continued to fall, the price rose sharply above 48,000 yuan, then maintained at a high level of volatility operation, Thursday overnight was affected by the black series plunge, the price fell sharply to 47670 yuan, the European Central Bank released a hawkish signal on Friday to make the dollar index fall again, copper prices rebounded and hit a new high of 48310 yuan
.
The final close of the week was 48210 yuan, up 860 yuan, or 1.
82%.
Externally, this week's LME March copper rush exceeded $6,000, early in the week under the influence of Chile and Peru copper mine strikes, copper prices rushed above $6,000, and then the price fluctuated back and forth at a high level by the dollar in the following days, and the domestic commodity market plunged London copper to as low as $5,945.
5 on Thursday, but the dollar index weakened again and copper prices rebounded on Friday, closing at $6,007 during Friday's domestic trading session, up $79, or 1.
33
。
In terms of the market, the overall transaction situation this week is general, and the delivery day at the beginning of the week due to the sharp rise in copper prices, so that the downstream continues to wait and see, on-demand procurement is the mainstay, and the trading situation is average
.
After the delivery date, some hedgers began to sell spot copper at a high level, the discount expanded slightly, traders also replenished the stock slightly, and the transaction situation improved, but in the following days, copper prices remained at a high level, coupled with the consumption off-season, the downstream only needed to stock the mainly, and traders' trading also weakened
.
On Friday, as copper prices held steady at a high level, holders shipped at high prices, and the premium was further narrowed, but downstream procurement demand was suppressed, and more on-demand purchases were mainly, and the overall transaction was average
.
In terms of news, since this week, the US dollar index has been hit by multiple blows, sharply falling to the 94 line, and copper mine strike news around the world is endless, supporting copper prices high shocks, demand, the domestic economy in the first half of the year is significantly better than expected, low inventory of real estate and high infrastructure growth to form a guarantee for demand, base metal demand will continue to improve, copper prices back above $6,000 / ton, copper concentrate supply problems interference and demand sustainability beyond expectations and other factors superimposed, copper prices are expected to break through the previous high and further upward
。
From a technical point of view, the KDJ gold cross diverged on the week k, the MACD gold cross, the price continued to stand above the 5-week moving average, and broke through the recent high, showing a strong show; On the daily K, MACD, KDJ double golden cross, the price back to the lower support is strong, short-term momentum to continue to break through
.
