-
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 contract of Shanghai copper 1804 fell under pressure, the intraday rebound was weak, and the end of the day closed down to 52120 yuan / ton, the intraday trading range was 52820-51780 yuan / ton, down 1.
46% per day, and the daily closing price hit a low since December 11 last year, indicating that the short-term is dominated by the short side, and the risk of decline increases
.
In terms of term structure, the positive price difference between the Shanghai copper 1803 contract and the 1804 contract widened to 200 yuan / ton
.
In the external market, Asian Lun copper rushed back down, of which the 3-month London copper intraday trading at 6941-6888 US dollars / ton, now trading at 6903 US dollars / ton, a slight increase of 0.
4% per day, compared with the overnight London copper recorded a decline of up to 2.
92%, the rebound is very little
.
In terms of positions, on February 6, the position of London copper was 323,000 lots, a daily decrease of 2,913 lots, and this week was dominated by the decline in increased positions, indicating that when the short-term long-short divergence increased, the short dominated
the position.
In terms of the market, on February 8, Shanghai electrolytic copper spot traded at a discount of 30 yuan / ton - 40 yuan / ton for the monthly contract, and the trading price of flat water copper was 51480-51640 yuan / ton
.
Shanghai copper rush, market sentiment has not yet calmed down, lack of interest, more cautious wait-and-see, holders have ignored the next month price difference in the delivery period brought by the spread, good copper quotation premium 40-50 yuan / ton, due to the difficulty of the transaction echo, forced to adjust to the premium 10-20 yuan / ton, only some trade speculators into the market, flat water copper completely discounted at about 30 yuan / ton, the transaction is still scattered bulk
.
The Spring Festival is approaching, risk volatility has intensified, and the situation of market supply and demand will continue
.
On the macro front, the Asian dollar index fell slightly but remained stable above 90, maintaining its gains of more than 1.
1% this week, as risk aversion continued to climb as global equity markets fell under pressure, dragging
down investment sentiment in the base metals market.
However, China's imports rose 36.
9% year-on-year in January, much higher than expected and prior, and exports rose 11.
1% year-on-year, also higher than expected 10.
8%, partially improving market investment sentiment
.
Industry information, customs data show that China's imports of unwrought copper and copper products in January were 440,000 tons, down 2.
2% month-on-month, and monthly imports hit a new low since October last year, but increased by 15.
8% year-on-year; Meanwhile, China's copper concentrate imports in January were 1.
62 million mt, down 1.
94% month-on-month but up 30%
year-on-year.
During the day, the Shanghai copper 1804 contract fell under pressure to 52120 yuan / ton, choosing to fall below the recent oscillation range, highlighting the advantage of bears, which requires changing the recent operation ideas, it is recommended that the Shanghai copper 1804 contract can be backed by 52800 yuan below the sky, the entry reference around 52400 yuan, the target focus on 51700 yuan
.
