-
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 rebounded on Tuesday, and as of 15:10 Beijing time, the three-month London copper was reported at $5896.
5 / ton, down 0.
35%
on the day.
The main 1912 contract of Shanghai copper fluctuated downward, with the highest 47590 yuan / ton, the lowest 47320 yuan / ton, and the closing price of 47340 yuan / ton, down 0.
19% from the closing price of the previous trading day; The trading volume was 90,500 lots, a daily decrease of 46,408 lots, and the position was 225,300 lots, a daily decrease of 2,742 lots
.
The basis was expanded to 5 yuan/ton; The price difference between Shanghai copper from 1912 to 2001 narrowed to -80 yuan / ton
.
Market focus: U.
S.
House Speaker Nancy Pelosi announced that an all-hands vote will be held on October 31 to formalize the impeachment inquiry process
against Trump.
The Escondida copper mining area, the world's largest copper mine, will launch a strike
in Chile on the 29th.
Spot analysis: On October 29, spot 1# electrolytic copper was quoted at 47320-47370 yuan / ton, with an average price of 47345 yuan / ton, down 25 yuan / ton
daily.
Holders are still in the mood, the market inquiry enthusiasm is high, the price of copper is still high, the downstream maintains on-demand procurement, the inventory accumulated after the National Day is gradually digested, the import window closed last week, traders intend to discount the low price of the goods, but because the holders are unwilling to discount the shipment, the willingness to exchange cash is low, the intraday receipt volume is still hesitant
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 62,258 tons on Tuesday, an increase of 100 tons per day; On October 28, LME copper stocks were 255,650 tons, down 5,375 tons
per day.
Main positions: the top 20 long positions of Shanghai copper main 1912 contract were 64949 lots, minus 947 lots per day, short positions were 83042 lots, daily minus 1437 lots, net short positions were 18093 lots, daily minus 490 lots, long and short were reduced, and net space was reduced
.
Intraday Shanghai copper main force 1912 oscillated downward
.
The Federal Reserve interest rate meeting is coming, the US dollar is under slight pressure, the Sino-US trade negotiations have made some progress, the market risk appetite is heating up, while Chilean copper mine disturbances still exist, and the recent downward trend in cathode copper inventories has increased support for copper prices, but copper prices are still weak in demand
.
In terms of spot, the sentiment of holders is still high, the enthusiasm of market inquiry is high, the downstream maintains on-demand procurement, traders intend to receive goods at a low price, but because the holders are unwilling to discount the shipment, the willingness to exchange cash is low, and the intraday receipt volume is still hesitant
.
Technically, the main 1912 contract of Shanghai copper runs above the moving average group, and the daily MACD red column shrinks, which is expected to recover slightly in the short term
.
