-
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 1903 contract opened at 47540 yuan / ton in the morning, after the opening copper price quickly fell to the daily low of 47420 yuan / ton, after the short-term bottom, Shanghai copper and rising copper, short positions, copper prices maintain a volatile pull-up posture, in the afternoon to the daily average above 47580 yuan / ton position, at the end of the day, Shanghai copper failed to get the daily moving average support, bears entered the market, and then copper prices fell again to the intraday low of 47450 yuan / ton, closing slightly up, closing price 47510 yuan / ton, down 30 yuan / t tons, down 0.
06%.
In the external market, London copper opened at 5957 US dollars / ton, dragged down by the crude oil pullback at the beginning of the session, London copper briefly touched 5941 US dollars / ton, boosted by the short exit, London copper was supported to recover pierced the daily moving average, sharply pulled up to the intraday high of 5985 US dollars / ton was blocked
.
In the afternoon, suppressed by the strengthening of the dollar index, London copper gave up some of its morning gains and fell below the daily moving average of $5952/mt
.
As of 17:30, London copper was trading at $5957.
5/ton
.
In terms of the market, the intraday market performance has been ups and downs, and the source of large discounts before delivery is still attractive, but the market is still led by trade speculation, and the downstream is still just needed to purchase, and the short-term focus on the willingness of the holders to cash out
.
In the afternoon, the market first rose and then declined, the holders saw that the morning transaction was more positive, took the opportunity to raise the quotation, good copper from flat water to a slight rise, flat water copper followed suit, but the transaction reaction is far less than the morning, supply and demand performance is more deadlocked, traders are only interested in the source of discounted goods, for the premium quotation to keep a wait-and-see, holders are unwilling to discount shipments, so the market inquiry is active but the transaction decline is obvious
.
In the afternoon, flat water copper newspaper discount 30-discount 10 yuan / ton, good copper newspaper flat water - premium 20 yuan / ton, the transaction price in the range of 47420 yuan / ton - 47550 yuan / ton
.
In terms of news, data released by the National Bureau of Statistics showed that China's CPI rose 1.
9% year-on-year in December 2018, lower than expected and the lowest in six months; The December PPI rose 0.
9% year-on-year, well below expectations and the lowest since September 2016; Waiting for more news from the Sino-US trade talks, hoping that a deal can be reached to avoid a global trade war, the market remains cautious and wait-and-see
.
The main force of Shanghai copper closed in the dark at the end, but the center of gravity rose slightly from the previous day, and the KDJ indicator J-line indicator began to turn, and it is necessary to be wary of bears entering at a high level
.
Wait for the guidance of the external market, pay attention to the long and short trends, and test whether the main force of Shanghai copper can continue to hold 47500 yuan / ton
.
