-
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
Market review: On Friday, the main 1906 contract of Shanghai copper opened low and rebounded, and the CU1906 contract traded in a range of 49230-49550 yuan / ton, closing at 49530 yuan / ton, down 0.
42%
on the day.
Position volume 188138, -2358, futures basis -100, -200
from the previous session.
In terms of industries, data released by the National Bureau of Statistics showed that China's refined copper production in March increased by 10.
2% year-on-year to 705,000 tons, and the cumulative output from January to March was 2.
045 million tons, an increase of 8.
8%
year-on-year.
In the market, copper prices fell overnight, and Shanghai copper fluctuated at 49,400 yuan / ton
.
Holders are enthusiastic to ship, the morning market quotation premium 20-120 yuan / ton, lack of interest, some holders in order to seek the transaction took the lead in lowering the quotation shipment, good copper and flat water copper synchronously down, good copper dropped to the premium of less than 100 yuan, about 90 yuan / ton appeared to buy, flat water copper down to 10 yuan / ton
.
During the day, some warehouse receipts flowed out, mostly brands with weak quality, suppressing spot
premiums.
The external market is closed, the domestic market is mainly based on cash exchange, the downstream continues to maintain rigid demand on weekends, traders do not see concentrated receipt and buying, and the market is firm and the price increase performance is weakening
.
In terms of stocks, LME copper stocks stood at 189,225 tonnes on 18 April, down 1,425 tonnes
from the previous session.
As of April 12, 2019, copper cathode stocks on the Shanghai Futures Exchange were 245,178 tons, down 12,142 tons
from the previous week.
From a seasonal perspective, current inventories remain at an average
level compared to the last five years.
The main 1906 contract of Shanghai copper opened low and rebounded during the day, and foreign media said that Sino-US economic and trade negotiations are expected to reach an agreement
before early May.
In the spot market, some warehouse receipts have outflowed, mostly brands with weak quality, suppressing spot
premiums.
The external market is closed, the domestic market is mainly based on cash exchange, the downstream continues to maintain rigid demand on weekends, traders do not see concentrated receipt and buying, and the market is firm and the price increase performance is weakening
.
Operationally, it is recommended that the Shanghai copper 1906 contract can consider selling high and low between 49300-50000 yuan / ton, and the stop loss is 300 yuan / ton
each.
