-
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 Thursday, the main 2108 contract of Shanghai copper ran strongly, with the highest 69050 yuan / ton and the lowest 68210 yuan / ton during the day, and the closing price was 68960 yuan / ton, up 1.
38% from the closing price of the previous trading day; LME copper is running strongly, as of 15:00 Beijing time, the three-month London copper is trading at $9440 / ton, up 0.
89%
per day.
Market focus: (1) U.
S.
Senate Republicans blocked the opening debate on the pending $579 billion infrastructure plan, rejecting Majority Leader Chuck Schumer's efforts
to advance the bill process while bipartisan negotiators struggled to work through the details.
(2) The WBMS report shows that the global copper market has an oversupply of 61,000 tons from January to May 2021
.
For the whole of 2020, there was a supply shortfall of 890,000 tons
.
Spot analysis: On July 22, SMM spot 1# electrolytic copper quotation was 68850-69100 yuan / ton, the average price was 68975 yuan / ton, a daily increase of 375 yuan / ton
.
There are still no signs of stocking downstream, receivers receive goods at a low price, the actual transaction is weak, and the overall trading atmosphere is general
.
Warehouse receipt inventory: the total number of Shanghai copper warehouse receipts in Shanghai was 55,586 tons, a daily decrease of 3,073 tons, and a decrease of 27 consecutive days; LME copper stocks were 224,250 tonnes, down 150 tonnes
per day.
Main position: the top 20 long positions of Shanghai copper main 2108 contract 54318, -5500, short positions 62984, -6022, net positions -8666, +522, long and short are reduced, net space is reduced
.
Market research: the spread of the global new crown variant virus, the rebound of infection cases in Europe, market worries remain, but also cut concerns about the Fed's early interest rate hike, the dollar index retreated
.
Upstream domestic copper mine inventories continued to grow, and copper ore processing fees TC steadily rebounded, indicating that the tension in copper mines improved
.
At present, the import window is almost open, and the pressure on the import of goods has increased
.
However, China's July copper plan to dump 30,000 tons of storage, the amount is still limited, lower than market expectations; Recently, refinery maintenance has increased, coupled with low copper prices, which is conducive to the recovery of demand, inventory digestion is better, and copper prices have stabilized and rebounded
.
