-
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 1711 month contract of Shanghai copper fell sharply after the open, after which the price fluctuated as low as 49,940 yuan, and maintained a narrow range at the bottom, closing at 50,160 yuan, down 610 yuan, or 1.
20%, and the index position increased by 1,002 lots to 623,000 lots
.
In the external market, LME copper opened low at $6,513 in March, then fell sharply to stabilize near $6,450, and then continued to fluctuate lower, falling as low as $6,428, and finally closed at $6,445, up $90, or 1.
38%.
In terms of the market, the market trading in the morning mainstream trading session is general, spot copper prices remain down, the market supply is still tight, spot copper premium rises to B20-B90 yuan / ton, middlemen are stuck on the sidelines, every weekend and before the holiday downstream bargain replenishment, the overall trading is general, the market wet copper is less, the downstream is favored
.
SME research shows that most traders continue to look at the copper market in the late period
.
On the news front, the US dollar was boosted by the Fed's announcement on Wednesday that it would keep its benchmark interest rate unchanged but hinted that it would raise interest rates once more this year, and the balance sheet reduction continued
.
In addition, foreign media news on September 21, two sources close to China's copper raw materials joint negotiating team (CSPT) said that China's copper smelters have raised the fourth quarter processing refining fee (TC/RCs) floor price to $95 per ton and 9.
5 cents per pound, an increase higher than expected, the increase fee reflects the increase
in China's copper concentrate supply.
Affected by multiple bearishness, copper prices fell
sharply today.
After Thursday's opening, copper, aluminum, zinc and nickel fell sharply after a slight finish, and the session fell all the way down and finally closed the big black line, intraday intraday short profit, the current non-ferrous sector decline does not change, Friday opening is expected to fall
.
The main force of Shanghai copper may maintain the adjustment trend in the short term, pay attention to the support of the 50,000 yuan integer mark, and continue to pay attention to the downstream procurement
.
