-
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
Copper prices rose sharply yesterday, hitting a multi-month high, but fell in overnight trading, driven by a dive in copper trading
.
Driven by risk aversion from geopolitics and better economic data from the United States, the dollar index continued to rally overnight to a new high of 99.
415
since May 2020.
After touching 10845, London copper fell sharply, closing at 10315
.
On the macro front, Nasdaq stocks fell into a bear market, the situation in Russia and Ukraine set off another commodity frenzy, oil closed up more than 4%, intraday European natural gas rose nearly 80%, London nickel rose more than 70%, gold once exceeded $2,000 in a new high; In the first two months of this year, China's imports increased by 15.
5% year-on-year, and exports increased by 16.
3%; From January to February, the price of imported crude oil, coal and natural gas increased, while the volume and price of soybeans and refined oil products rose
.
In terms of industries, Chile's copper export revenue in February was US$3.
8 billion, down 9.
2% year-on-year; From January to February 2022, the cumulative import volume of unwrought copper and copper products was 969,300 tons, an increase of 9.
7%
year-on-year.
In terms of the market, concentrate and smelting supply is expected to remain stable this year, and the market expects that the domestic counter-cyclical adjustment will be effective, and demand will perform well, but the current downstream resumption of work is not satisfactory
.
Stocks in the previous period increased to 168,000 tons
.
In terms of supply and demand, although the price of copper has risen by more than 1,000 yuan, spot stocks still maintain a premium, reflecting the willingness of
downstream buying.
At present, the focus of the market is still on the conflict between Russia and Ukraine, and the uncertainty of the conflict has increased the volatility of the market, and the price has also fluctuated
.
The situation in Russia and Ukraine has disrupted the rhythm of copper itself, and there has been a reversal trend again, short-term copper prices may fluctuate widely, it is recommended to pay attention to the domestic post-holiday spot demand situation, as well as the trend
of crude oil and other commodities.
