-
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
LME copper opened low on Friday, as of 15:03 Beijing time, the three-month London copper was at $5834 / ton, down 0.
53%
on the day.
The main 1909 contract of Shanghai copper fell and fluctuated, with the highest 46740 yuan / ton and the lowest 46210 yuan / ton within the day, and the closing price of 46440 yuan / ton, down 0.
39% from the closing price of the previous trading day; The trading volume was 132,800 lots, an increase of 32,852 lots per day, and the position was 217,700 lots, a daily decrease of 5,142 lots
.
The basis was expanded to 205 yuan/ton; The price difference between Shanghai copper in 1909 and 1910 widened to 50 yuan / ton
.
Market focus, US President Trump will announce matters related to EU trade at 1:45 am Beijing time on Saturday, and the United States and Europe have recently renewed trade tensions due to agricultural and aviation subsidies
.
According to data released by the National Development and Reform Commission, in the first half of the year, the cumulative output of copper in the country was 4.
52 million tons, an increase of 5.
8% year-on-year, down 5.
7 percentage points
.
The restart of Chile's national copper company Codelco's Chuquicamata smelter, one of the world's largest smelters, will continue to be delayed until the end of October
.
Spot analysis, on August 2, spot 1# electrolytic copper quotation 46400-46490 yuan / ton, the average price of 46645 yuan / ton, down 195 yuan / ton
from the previous trading day.
The downstream inquiry in the morning market was positive, but traders were forced to stop due to high premiums after receiving a large number of goods in the previous day, and after ten o'clock, the market quotation gradually loosened; Wet copper is favored downstream, and the supply is difficult to find
.
Imported copper was closed almost in July, causing inventories to grow at a limited rate during the off-season in August, and supply did not expand significantly, so there was little room for pressure on premiums
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 65,397 tons on Friday, a daily decrease of 152 tons; On August 1, LME copper stocks were 287,800 tonnes, down 2,700 tonnes
per day.
Main positions: the top 20 long positions of Shanghai copper main 1909 contract were 67751 lots, minus 1458 lots per day, short positions were 76985 lots, daily minus 1433 lots, net short positions were 9234 lots, a daily increase of 25 lots, long and short were reduced, and net short increased
slightly.
Intraday Shanghai copper main force 1909 fell shock
.
The US dollar index retreated, coupled with the tight performance of upstream copper mine supply, which partially supported copper prices, but the downward pressure on the global economy increased, downstream demand or continued weakness, and the pressure on copper prices increased
.
In terms of spot, the downstream inquiry in the morning market was positive, but traders were forced to stop due to high premiums after receiving a large number of goods in the previous day, and after ten o'clock, the market quotation gradually loosened; Wet copper is favored downstream, and the supply is difficult to find
.
Technically, the daily MACD green column growth of the main 1909 contract of Shanghai copper is expected to be weak in the short term
.
