-
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, Shanghai copper was strongly volatile, the current month 1705 contract opened at 45410, the highest 45410, the lowest 44650, settled 44880, and the tail market closed up 310 yuan, reported at 45150 yuan / ton, up 0.
69%.
BHP Billiton Chile's Cerro Colorado copper miners are planning a 24-hour strike in the coming weeks, boosting the copper market and expecting a stronger
short-term trend in Shanghai.
In the international market, Trump's removal of the FBI director triggered a political storm, the dollar index came under pressure and fell to boost commodity prices, Thursday's London copper Asian session was dominated by morning consolidation, and the afternoon rose significantly
.
As of 15:00 Beijing time, London metal (LME) copper was last quoted at $5,559, up $49, or 0.
89%.
Watch for U.
S.
jobless claims and consumer confidence as of last week
.
In terms of the market, on May 11, Yangtze River spot 1# copper reported 44990 yuan / ton, up 10 yuan from the previous trading day's quotation, 60 to 80 premiums; Guangdong spot 1# copper price was 44980 yuan / ton, up 40 yuan; Huatong spot 1# copper price was 45015 yuan / ton, up 10 yuan
.
Shanghai area 1# electrolytic copper 44900 yuan / ton, no rise or fall, flat water copper transaction 45910 fell 50, premium copper transaction 44895 fell 50
.
The price of copper during the day is stable, the market supply is sufficient, traders buy at low prices, holders sell at high prices, downstream inquiries are active, and market transactions have increased
.
In terms of industry, Santiago on May 10 news, BHP Billiton's Chilean Cerro Colorado copper miners plan to hold a 24-hour strike
in the coming weeks.
The protest comes just about a month and a half after BHP Billiton's larger Escondida copper mine in Chile staged a 43-day strike
.
Data released by the Chilean government showed that the country's copper miners produced mixed output in the first quarter of this year, and some mine workers went on strike, affecting copper output
.
Chile's state-owned company Codelco saw copper production fall 11.
4 percent
in March.
In terms of stocks, COMEX copper stocks were 154,529 short tons as of May 10, down 230 short tons from the previous day; LME copper stocks stood at 339,200 tonnes, down 3,625 tonnes
from yesterday.
As of May 11, SSE futures inventories were 72,300 tonnes, down 630 tonnes
from the previous day.
Recently, the continuous decline in exchange inventories alleviated market concerns, but the overall inventory of the three major exchanges is still relatively high, and there is no obvious favorable support in the short term, and the rebound in copper prices is expected to be limited
.
Technically, the main 1707 contract of Shanghai copper continued to rebound, and the center of gravity moved slightly upward, but the average pressure above is still large, and it should not be too optimistic
in the short term.
