-
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 Monday, the main 1808 contract of Shanghai copper opened at 54420 yuan / ton, after the opening of the bulls took the lead in reducing positions and leaving the market, dragging copper prices back quickly to 54180 yuan / ton, and then stopped falling and stabilized, copper prices rose slightly, but under pressure on the daily moving average, copper prices failed to continue to rise, the center of gravity around 54220 yuan / ton around a narrow consolidation, in the afternoon, bears with positions poured in, copper prices fell again, low to 54010 yuan / ton, the end of the day slightly repaired, finally closed at 54160 yuan / ton, up 30 yuan
。
In terms of the external market, London copper opened at 7311.
5 US dollars / ton, after the opening of London copper slightly touched 7329 US dollars / ton, then bulls successively reduced their positions, London copper quickly fell back below the daily moving average, the center of gravity around 7288.
5 US dollars / ton sideways, always under pressure on the daily moving average, the second trading session of the Asian market, the center of gravity of London copper moved down again to 7271.
5 US dollars / ton, after entering the European and American sessions, with the rise of the US dollar index, London copper accelerated to leak, probed down to 7215.
5 US dollars / ton, the 5-day moving average found support , London copper slightly revised upward, as of 17:24, London copper reported $7236 / ton
.
In terms of the market, Shanghai copper maintained a high level of volatility, the basis remained stable at more than 200 yuan / ton, the holder still has the willingness to hold the price, the quotation discount 50 yuan / ton ~ flat water, the market is high to stop and see, although the inquiry atmosphere is acceptable, but the trade activity is low, the holder first starts from a good copper price adjustment, actively reduces to a discount of 20 ~ 10 yuan / ton, speculators undercut prices, as the delivery period approaches, the basis of the next month does not collect but expands, to a certain extent limits the space for
underwater expansion.
Downstream on-demand buying, traders' receipt is affected
by their respective financial capacity.
Market trading showed the characteristics of
Monday's tug-of-war.
In the afternoon session, copper fell again, but the spot is difficult to receive the discount, good copper discount to 20 yuan / ton, the transaction is slightly attractive, flat water copper maintenance stability discount 60 yuan / ton first-line, the market trading atmosphere is light
.
In terms of news, Escondida copper miners will say that in view of the rise in copper prices, the conclusion of new labor contracts is developing in a favorable direction, and market concerns have eased; The dollar weakened again after a slight rally, keeping an eye on the Fed's interest rate decision
announced on Wednesday.
It is expected that the recent rise in copper prices will slow down, and more positions can continue to be held
.
