-
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
The Shanghai copper index fell unilaterally this week, and the price at the beginning of the week stabilized and rebounded slightly around the 40-day moving average of 51,000 yuan after the previous week's plunge, and then LME copper inventories increased sharply for three consecutive days, copper prices jumped sharply and opened low to a minimum of 50,170 yuan, and the price narrowed the doji line above 50,000 yuan on Friday
.
The week ended at 53,020 yuan, up 1,710 yuan, or 3.
33%.
In the external market, this week's LME March copper week rushed high at $6,774 after a slight retreat, then fell unilaterally to a minimum of $6,452, and the price bottomed out on Thursday night and rebounded slightly and maintained low volatility
.
The domestic trading session closed at $6,514.
5 on Friday, down $166, or 2.
48%.
In terms of the market, spot copper prices began to fall all the way this week, the market fell into wait-and-see, buying was not good, holders at the beginning of the week to dump goods to the discount has expanded, at the end of the week, copper prices fell above 50,000 yuan / ton, downstream bargain before the weekend slightly replenished
.
On Friday, spot copper prices stabilized above 50,000 yuan / ton, the market supply on the delivery day was slightly tight, and the holders continued to raise the premium shipments, but the market transaction heat was not affected, downstream procurement was still active, and the overall trading was very active
.
In terms of news, LME copper inventories increased sharply during the week, coupled with data released at the end of the week showing that China's economy slowed down in August, suppressing the black trend, and the copper market was affected by this and staged a unilateral decline
.
However, the decline in copper prices has stimulated downstream users to replenish and buy, coupled with the current consumption season, the market supply is tight, and Shanghai copper has strong support at the 50,000 mark
.
From a technical point of view, the KDJ dead cross on the week k, the MACD golden cross, the price fell below the 5-week moving average, and the support at the previous platform below was strong; On the day K, MACD dead cross, KDJ dead cross oversold, short-term or will continue to maintain a narrow range above 50,000 yuan to build a bottom
.
