-
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 Friday, the main contract of Shanghai copper 1807 oscillated and rebounded, trading at 51370-51060 yuan / ton during the day, closing at 51290 yuan / ton at the end, up 0.
47% per day, the current copper price returned to the moving average intertwined operation, the downside risk has weakened
.
In terms of term structure, Shanghai copper maintained a positive arrangement of near low and far high, and the positive price difference between Shanghai copper 1806 contract and 1807 contract slightly widened to 170 yuan / ton
.
In the external market, Asia Lun copper fluctuated in a narrow range around 6870 US dollars / ton, of which as of 15:12 Beijing time, the 3-month LME copper was reported at 6869 US dollars / ton, up slightly by 0.
11%
on the day.
In terms of positions, on May 16, the position of London copper was 317,000, a daily decrease of 1,489 lots, and the position of London copper increased and decreased in the past week, showing that long and short trading was repeated
.
In terms of the market, on May 18, Shanghai electrolytic copper spot traded at a discount of 80-20 yuan / ton for the contract of the month, and the transaction price of flat water copper was 50960-51020 yuan / ton
.
Holders continue to raise prices, resolute, quotation discount 60-20 yuan / ton, the transaction is obvious, especially good copper stopped at the discount of 30 yuan / ton, the transaction is acceptable, domestic flat water copper in the import of low-end copper such as Bulgaria, Russian copper discount 100 yuan / ton dragged down, slightly reduced to 80 yuan / ton, the market is still more stopped
.
In the second trading session, wet copper trading picked up, narrowing from the previous day at a discount of 120 yuan / ton, and the downstream continued to need stable receipt of wet copper
.
Although the supply of goods in the market has gradually increased, there has been no cash redemption from the holders, and the quotation is also firm, and the intraday transaction still shows the characteristics of
deadlock.
On the macro front, the Asian dollar index traded in a narrow range and is now trading around 93.
36, near the year's high of 93.
632 hit this week, as the yield on the US 10-year Treasury note climbed
further.
Negotiations between the Chinese Foreign Ministry and the United States are still ongoing and require further attention
.
In terms of industry, data from the China Bureau of Statistics showed that refined copper production in April this year was 778,000 tons, an increase of 12.
3% year-on-year, and the cumulative output from January to April was 2.
985 million tons, an increase of 9.
9%
year-on-year.
During the day, the Shanghai copper 1807 contract rebounded to 51290 yuan / ton, returning to the moving average interweaving operation, showing that long and short trading is cautious
.
In terms of operation, it is recommended that the Shanghai copper 1807 contract can be backed by 51600 yuan / ton below the high altitude, and the lower support is 50500 yuan / ton
.
