-
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 Thursday, the Shanghai copper main 1806 contract opened at 51,000 yuan / ton in the morning, and the bulls entered the market at the beginning of the session, but did not reverse the decline, copper prices fell away from the daily moving average, tested down at 50,630 yuan / ton, and sorted out
a little at 50,750 yuan / ton.
In the afternoon, another wave of bears entered, copper prices dragged down again sharply, down the low of the day 50300 yuan / ton, then slightly rebounded, the shock ran in the range of 50480 yuan / ton to 50580 yuan / ton, the end of the day some bears took profits, copper prices rose slightly, closing at 50620 yuan / ton, down 650 yuan / ton, down 1.
27%.
In terms of external trading, London copper opened at 6913 US dollars / ton, rising slightly at the beginning of the session, touching a higher of 6932.
5 US dollars / ton
.
As the London zinc plummeted, the London copper was dragged down, moving down from the daily moving average and temporarily sorting out
at $6885/ton.
In the afternoon, it fell again, tested down at $6831 / ton, and briefly sorted out
.
After entering European time, it fluctuated in a wide range along the daily moving average, and Lunzinc leaked again, and Lun copper fell with it, showing a breakout downward trend again
.
As of 18:30, London copper was at $6,800/ton, down $111/ton, or 1.
6%.
Zinc prices plunged today, dragging down the non-ferrous sector as a whole
.
In terms of the market, Shanghai copper diving from 51,000 yuan / ton to 400 yuan / ton, the morning market quotation flat water copper discount 20 yuan / ton, good copper is pressed to the vicinity of flat water, only a small number of traders can trade
.
After the diving of the plate, some downstream bargains were received, and the buying interest improved, and the quotation rose
.
In the second trading session, flat water copper has been difficult to find a source of discounted water, the quotation gradually rose to about 10 yuan / ton, good copper also correspondingly raised to 20-40 yuan / ton, the transaction strength is not as good as flat water copper, indicating that the downstream is the main force
of receiving goods.
The market fell to around 50,500 yuan / ton, and the trading stalemate pattern in the previous two days improved
significantly.
In the afternoon session, as the market fell, holders further raised their premiums, and although there were buying orders downstream, traders stopped when the transaction was not as good as the afternoon market
.
In the afternoon, the spot trading price of electrolytic copper in Shanghai was 50450 yuan / ton - 50620 yuan / ton, flat water copper reported a premium of 10 yuan / ton - 20 yuan / ton, and a premium copper reported a premium of 30 yuan / ton - a premium of 50 yuan / ton
.
Shorts increased their positions in large numbers during the day, and zinc prices plummeted, dragging copper prices down
.
From a technical point of view, the main 1805 contract of Shanghai copper is limited to the 5-day and 20-day moving averages, and the lower 10-day moving average provides some support, KDJ tends to contract, and the MACD red energy column shrinks
slightly.
A test of the 50500 support capacity
is expected in the evening.
