-
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 Tuesday, the main contract of Shanghai copper 1803 rushed back down, closing down to 52930 yuan / ton, close to the intraday low of 52770 yuan / ton, and down 2.
02% from the intraday high of 54020 yuan / ton, indicating that the upper selling pressure is still heavy, and the short-term downside risk remains
.
In terms of term structure, the positive price difference between the Shanghai copper 1803 contract and the 1804 contract widened to 180 yuan / ton
.
In terms of external trading, Asian market London copper fell under pressure, but the performance resisted the decline in Shanghai copper, of which 3 months London copper intraday trading at 7111-7025 US dollars / ton, now trading at 7086 US dollars / ton, down 0.
59% per day, at present London copper back to the moving average interweaving operation, has not fully effectively broken through the
oscillation range.
In terms of positions, on February 2, the position of London copper was 325,000 lots, an increase of 6,017 lots per day, indicating that when the short-term long-short divergence increased, the bears dominated
the predominance.
On the macro front, the Asian market dollar index fluctuated in a narrow range around 89.
5, basically maintaining the rise in the past two days, for the ninth consecutive day below 90, affected by the overnight US stock market pressure and heavy setback, the Shanghai Composite Index fell 3.
35% during the day, the largest decline in more than two years, market risk aversion continued to climb, base metals market investment sentiment was also dragged
down.
According to industry information, Citi expects metals to outperform the broader market for strong economic reasons, and the first half of the year is very bullish on zinc and copper
.
In terms of the market, on February 6, Shanghai electrolytic copper spot contracts reported a discount of 20 yuan / ton - 20 yuan / ton of water premium, and the trading price of flat water copper was 52460-52660 yuan / ton
.
The morning market domestic commodity market made up for the fall, Shanghai copper opened down, from around 52900 yuan / ton until around 52550 yuan / ton to stabilize, the morning market from the plate below 52700 yuan / ton when the initial slow decline, flat water copper quotation discount 30-20 yuan / ton, good copper flat water - 10 yuan / ton, the transaction is good
.
Immediately, the holder raised the price to 20 yuan / ton of good copper premium, and 10 yuan / ton of flat water copper, but the transaction was difficult to compare with the morning market
.
Traders favor good copper, and under the background of maintaining a stable monthly spread of 270 yuan / ton in the delivery cycle, the receipt warehouse receipt is used for delivery
.
The downstream purchase volume gradually decreased, and the transaction volume decreased
significantly compared with the previous day.
During the day, the Shanghai copper 1803 contract fell under pressure to 52930 yuan / ton, still stuck in the recent oscillation range, short-term trend repeated, highlighting the caution of long and short trading, while copper prices resisted falling to other base metals, indicating that its intrinsic downward momentum is not strong
.
It is recommended that the Shanghai copper 1803 contract can sell high and low in the range of 52800-53300 yuan / ton, and the stop loss is 500 yuan / ton
each.
