-
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 Wednesday, the main contract of Shanghai copper 1912 opened at 46900 yuan / ton in the morning, and the opening fell to 46840 yuan / ton, and then the plate rose slightly, the center of gravity moved up to 46900 yuan / ton to maintain stability until the end of the afternoon, the afternoon plate obviously weakened, the center of gravity continued to step down to around 46820 yuan / ton, the end of the session bulls quickly withdrew to close at 46750 yuan / ton, down 190 yuan / ton, down 0.
4%.
In the external market, Apanlon copper opened at 5772.
5 US dollars / ton, opened high at 5773 US dollars / ton in the morning, and then the center of gravity slightly fell to the daily moving average of 5760 US dollars / ton, and the bulls showed little confidence at the high
.
Followed by the European market, the weak performance is more obvious, as the IMF once again lowered the global economic growth forecast, and the recent weak demand for crude oil has driven oil prices to weaken, the European copper price has plummeted, quickly breaking the 5700 mark, straight down to a low of 5697.
5 US dollars / ton
.
As of 17:00, London copper closed at $5709/ton, down 1.
22%.
In terms of the market, Shanghai copper fell under pressure to 46,800 yuan / ton.
On the first day after the month change, the holder held a stable quotation at premium 40 ~ premium 70 yuan / ton, low-priced sources were favored by the market, attracting traders to enter the market to receive goods, the morning market can still lower prices, transaction activity is still good, especially flat water copper buying is higher, the inquiry is obviously more active, but at the beginning of the week imported copper concentrated arrival into the warehouse so that the inventory pressure is still there, the transaction is difficult to have substantial changes, flat water copper concentrated transaction at premium 40 ~ liter 50 yuan / ton, good copper maintained stable at premium 60 ~ liter 70 yuan / ton; Downstream on-demand procurement, wet copper is mostly traded
at 10 yuan / ton of premium.
The market trading atmosphere has improved slightly in the context of traders receiving goods at low premiums for the delivery of long orders, and quality sources with low premiums and high cost performance are still attractive
during the long order delivery cycle.
In the afternoon, traders continued to be interested in actively receiving goods, and the willingness of holders to raise prices increased due to the impact of good transactions, and quotations continued to rise
in the afternoon.
The US economic data continues to be weak, combined with the recent IMF to reduce the global economic growth rate, the prototype of economic weakness has emerged, it is expected that the market risk aversion will become stronger, and there are many
macro negative factors in copper prices.
The intraday market trend is weak, the upward momentum is obviously insufficient, mainly because the IMF once again lowered the global economic growth forecast to 3%, hitting a new low in 10 years of the financial crisis, the market is still worried that the macro weak economic situation is difficult to change in the short term, copper prices have insufficient
momentum to rise.
