-
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
During the National Day long holiday, the high level of London copper fell, after the holiday to open Shanghai copper to make up for the fall, the main morning market in the long position reduction gap low opened at 50030 yuan / ton, at the beginning of the session in the bulls were forced to leave the market copper prices plummeted, quickly touched the intraday low of 49820 yuan / ton, in the morning in some short positions closed and a small number of long into the market, copper prices stabilized near the daily moving average, around 49920 ~ 50020 yuan between narrow sorting
。 In the afternoon, London copper rushed back to rise by 6200 US dollars / ton, Shanghai copper bulls concentrated into the market to increase positions, copper prices broke through the 50,000 integer mark in one fell swoop, touched 50240 yuan / ton, late afternoon some bulls profit exited, copper prices gave up most of the afternoon's gains, the center of gravity returned to the 50,000 mark, closed at 50,010 yuan / ton, up 40 yuan / ton, up 0.
08%.
In terms of external trading, London copper morning market opened at 6197 US dollars / ton, early London copper along the daily moving average narrow finishing, during the short touch of 6201 US dollars / ton blocked obviously, the dollar index slightly upward broke through the daily average to around 95.
66, London copper quickly plummeted, fell below the daily moving average, and then narrowly sorted out
near the daily moving average.
In the afternoon, London copper rushed up again at 6200 US dollars / ton still unsuccessful, led by short positions, London copper gave up all the gains of the day, during the period hit the intraday low of 6126 US dollars / ton, the low was supported by the 20-day moving average to recover, but the daily average pressure is still heavy
.
As of 17:10, London copper was trading at $6,149 / ton
.
In terms of the market, the Shanghai copper decline in the opening after the holiday was limited, and the 1810 contract in the month was under pressure of 50,200 yuan / ton, and the main force has fallen below the 50,000 yuan integer mark
.
The uncertainty of spot quotation on the first day after the holiday is high, and the morning market holders try to quote more than 150 yuan / ton, but it belongs to the wishful thinking of the holders, the degree of inflated height is high, the market responds little, lack of interest, so the market opens the diving downward adjustment mode, the holders reduce the copper premium by about 110 yuan / ton, flat water copper around the premium 60 ~ 70 yuan / ton, only to show the willingness
to trade 。 In the second section of the trading stage, in the context of the high willingness of cargo holders to ship, good copper from the premium around 100 yuan / ton directly down to the premium of 80 yuan / ton to have a slow downward trend, flat water copper followed down to the premium 40 ~ 50 yuan / ton, the transaction has improved, wet copper quotation from 50 yuan / ton to near flat water, individual downstream a small amount of replenishment of wet copper, individual trade volume a small amount of price replenishment flat water copper, good copper premium high transaction is more difficult, at the end of the afternoon market, good copper has heard the quotation premium 60 ~ 70 yuan / ton
。 After this week, it gradually enters the delivery cycle of the current month's contract, the profit window for imported copper within the day is still open, the decline in premium is the trend within the week, the downstream replenishment has not yet been fully developed, and the speed of the future market premium reduction depends on the inventory situation after the holiday and the speed of
downstream replenishment.
In terms of news, BHP Billiton said that through the analysis of the "Belt and Road" infrastructure projects advocated by China, China's "Belt and Road" will increase copper demand by about 1.
6 million tons, equivalent to 7% of China's annual copper demand; The domestic copper market destocked sharply in the third quarter, the inventory de-inventory in the fourth quarter may slow down, consumption is expected to pick up slightly in October, consumption off-season after November appeared, the release of new smelting capacity in the fourth quarter accelerated, the fundamental support is strong in the short term, and copper prices are cautiously bullish
.
