-
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 2105 contract of Shanghai copper rebounded, with the highest 66910 yuan / ton and the lowest 66080 yuan / ton within the day, and the closing price of 66480 yuan / ton, down 0.
84% from the previous trading day's closing price; In the external market, LME copper shock adjustment, as of 15:00 Beijing time, 3-month London copper was reported at 8957.
5 US dollars / ton, up 0.
98%
on a daily basis.
Market Focus: (1) Powell testified that the pace of recovery is faster than widely expected and appears to be strengthening
.
Inflation is expected to rise over the course of the year, but not particularly large and not persistent
.
And already have the tools to deal with inflation
.
(2) Germany announced that it will extend the lockdown measures until April 18, joining the camp
of many European countries in tightening lockdown measures.
(3) Chile's Los Pelambres copper miners accepted collective contracts, avoiding strikes
at the Antofagasta Plc mine.
Spot analysis: On March 24, spot 1# electrolytic copper was quoted at 65960-66220 yuan / ton, with an average price of 66090 yuan / ton, down 685 yuan / ton
per day.
The low-price transaction is smooth, the downstream is still dominated by rigid demand, and the overall trading atmosphere is weak
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 113,450 tons on Wednesday, a daily decrease of 1,469 tons; On March 23, LME copper stocks stood at 122425 tonnes, up 8,525 tonnes
per day.
Main positions: the top 20 long positions of Shanghai copper main 2105 contract are 93311 lots, a daily increase of 2858 lots, short positions are 98388 lots, daily minus 78 lots, net short positions are 5077 lots, daily minus 2936 lots, more increase and short, net space decrease
.
Market research and judgment: On March 24, Shanghai copper 2105 rebounded
.
Rising inflation and rising US Treasury yields, as well as new lockdowns in Europe, further enhanced the attractiveness
of the dollar.
Upstream domestic copper mine inventories continue to decline, and processing fee TC continues to decline, resulting in high smelting costs, and the current copper mine production is still affected by strikes and epidemic factors, copper mine tightening concerns have increased
.
The performance of downstream domestic demand is still weak, but domestic inventories are still significantly lower than the same period of previous years; And with the arrival of the traditional peak season, downstream demand is expected to improve, supporting the high adjustment
of copper prices.
Technically, the mainstream position of the Shanghai copper 2105 contract has increased and decreased, and the triangle convergence trend is expected to adjust short-term
shocks.
