-
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 Friday, the main contract of Shanghai copper 1608 contract oscillated stronger, rising to 35720 yuan / ton at the end of the day, up 1.
25% from the previous closing price, the current Shanghai copper continued to oscillate at a low level, lasting up to three weeks, showing that after Shanghai copper fell below 36,000 yuan, the willingness to fall again decreased
.
In the external market, London copper oscillation strengthened, of which 3-month London copper rose 1.
17% to 4651 US dollars / ton, up 1.
22%
from the intraday low of 4594 US dollars / ton.
However, it has not effectively broken through the upper moving average suppression
.
This week, Lun copper reduced its position to the downside, indicating that the long and short actively reduced their positions and left the market, and the sentiment of the copper market was sluggish
.
Macro aspect: overnight, the ECB kept interest rates unchanged as scheduled, while raising GDP for 2016 and 2017 and fine-tuning the CPI for 2016, and the euro fell back against the dollar after the interest rate was announced
.
The Asian dollar index edged down to around 95.
5, with copper rebounding heights
during the restricted period.
In terms of market: Shanghai electrolytic copper spot reported a premium of 90-140 yuan / ton during the day, and the transaction price of flat water copper was 35550-35620 yuan / ton
.
Some large holders led the current copper premium to be significantly higher at the open, and the good copper reported a premium of 140-150 yuan / ton
.
A large number of holders shipped at a high level, and the market inquiry was active, but it was difficult to transact the high premium, so the premium gradually declined
.
Around 10 o'clock, the number of goods received did not improve
significantly.
After 11 o'clock, the supply was further amplified, and the flat water copper that was originally tight and expensive poured out
.
Before the weekend, there was no downstream large number of goods, and the market showed a pattern
of more inquiries and fewer transactions.
Industry: Peru's copper production in April was 187983 tons, jumping another 53.
5%
year-on-year.
From January to April, Peru's cumulative copper production was 702477 tons, up 239309 tons or 51.
67%
year-on-year.
Overall, Shanghai copper rebounded, outperforming other base metals and London copper, but still not getting rid of the three-week low oscillation trend, indicating short-term long and short trading cautious
.
It is recommended that the Shanghai copper 1608 contract can be 36,000 yuan as the dividing line, and the stop loss is 350 yuan / ton
each.
