-
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
In the copper market in May, copper prices remained firm
due to tighter supply and a recovery in consumption, coupled with expectations of favorable policies.
Looking ahead, the tight supply situation will be significantly eased in the near future, and the hot consumption situation may not be sustainable
.
Under the circumstance that the policy of the two sessions did not exceed expectations, or even slightly lower than market expectations, the market in June is expected to be difficult to continue the hot momentum
of April-May.
Long orders can take profit and exit the market
in time.
If the subsequent supply and consumption situation is further verified, the position can be lightly tested at the high
.
In May, the global new crown epidemic entered a plateau period, and the number of new confirmed cases overseas remained basically stable, but there was no significant downward trend
.
Due to economic pressure, many countries such as Europe and the United States have begun to gradually deregulate and restart their economies
.
South American copper concentrate supply tightened significantly in May, coupled with a month-on-month recovery in consumption, and expectations of favorable policies at the two sessions, copper prices continued to rise
steadily in May.
As of May 26, the monthly line of Shanghai copper closed at 43860 yuan / ton, up 2.
80%, and London copper closed at 5354.
5 US dollars / ton, up 3.
20%.
Inventory: As of May 26, the inventory of global exchange warehouse receipts was 385,000 tons, an increase of 26.
14% year-on-year, a decrease of 13,000 tons from the previous month, of which the inventory of warehouse receipts in the previous period decreased by about 42,000 tons
.
As of May 22, the inventory in the bonded zone was 210,000 tons, a year-on-year decrease of 60.
23% and a month-on-month decrease of about 90,000 tons
.
The sharp decline in the previous period continued to increase, indicating that domestic fundamentals continue to improve
.
Overseas inventories have increased, and the epidemic is still a drag on downstream consumption
.
At the same time, the import price ratio is better, and the copper in the bonded zone flows into the country, resulting in a significant decline
in the inventory of the bonded zone.
Overall, in the copper market in May, copper prices remained firm
due to tightening supply, the recovery of consumption, and expectations of favorable policies.
As of May 26, the monthly line of Shanghai copper closed at 43860 yuan / ton, up 2.
80%, and London copper closed at 5354.
5 US dollars / ton, up 3.
20%.
Looking ahead, the tight supply situation will be significantly eased in the near future, and the hot consumption situation may not be sustainable
.
Under the circumstance that the policy of the two sessions did not exceed expectations, or even slightly lower than market expectations, the market in June is expected to be difficult to continue the hot momentum
of April-May.
Long orders can take profit and exit the market
in time.
If the subsequent supply and consumption situation is further verified, the position can be lightly tested at the high
.
