-
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 2106 contract of Shanghai copper opened high and fluctuated, with the highest 66490 yuan / ton and the lowest 66100 yuan / ton within the day, and the closing price of 66330 yuan / ton, up 0.
61% from the previous trading day's closing price; LME copper rose slightly, as of 15:00 Beijing time, the three-month London copper was reported at $8920/ton, up 0.
28%
on a daily basis.
Market focus: (1) US CPI rose 0.
6% month-on-month in March, and was expected to increase by 0.
5%, the highest since July 2020; The March CPI rose 2.
6% year-on-year versus an expected 2.
5% increase, the highest
since August 2018.
(2) Peru produced 170989 tons of copper in February, down 3.
1% month-on-month and up 0.
7% year-on-year, according to the Peruvian Ministry of Energy and Mines; Copper production is expected to reach 2.
5 million tons this year, an increase of 16%
year-on-year.
Spot analysis: On April 14, spot 1# electrolytic copper was quoted at 66060-66280 yuan / ton, with an average price of 66170 yuan / ton, a daily increase of 480 yuan / ton
.
The willingness to receive goods is not high, the downstream just needs to be consumed, and the overall transaction is average
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 120944 tons on Wednesday, an increase of 2,527 tons per day; On April 13, LME copper stocks were 168,500 tons, an increase of 2,875 tons per day, an increase for five consecutive days
.
Main positions: the top 20 long positions of Shanghai copper main 2106 contract were 82518 lots, with a daily increase of 2197 lots, short positions of 88031 lots, a daily increase of 2065 lots, a net short position of 5513 lots, a daily decrease of 132 lots, both long and short increases, and net space decreases
.
Market research and judgment: Shanghai copper 2106 opened high on April 14.
The US dollar fell under pressure as inflation data rose sharply for March, although the US dollar fell under pressure as the market did not expect the Fed to change its commitment to keep interest rates low
.
Upstream Chile's recent border closure due to the epidemic, coupled with Peru's February copper mine production decline month-on-month, domestic copper mine supply tightening, processing fee TC lower, put pressure on smelter production, refining copper production is expected to decline slightly in April
.
At present, downstream demand is still weak, and domestic copper inventories have not yet entered a downward channel, but the domestic demand season is still expected, which supports copper prices
.
Technically, the Shanghai copper 2106 contract has converged in volatility, and a short-term range adjustment
is expected.
