-
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
Today's Shanghai copper main contract 1708 soared strongly, especially at the end of the day quickly rally, and finally closed up to 46690 yuan / ton, up 1.
92% daily, close to the intraday high of 46720 yuan / ton, the daily closing price hit the high of May 2 this year, and effectively ran above the moving average group, showing that the short-term long-short scramble is dominated
by bulls winning.
In terms of term structure, the copper market maintained a positive arrangement of near low and far high, and the positive price difference between the Shanghai copper 1708 contract and the 1709 contract widened to 130 yuan / ton
.
Externally: Asian Lun copper soared strongly, of which the 3-month London copper operating range was 5826-5723 US dollars / ton, up 1.
32% to 5816 US dollars / ton, and the technical support below focused on the 5700 US dollars / ton integer mark
.
In terms of positions, on June 21, the position of London copper was 329,000 lots, an increase of 473 hands per day, and this week's London copper position reduction oscillation operation, showing that long and short positions were reduced, and the copper market sentiment was relatively sluggish
.
On the macro front, the Asian dollar index fell under pressure and is now trading around
97.
3.
The Fed's stress test results showed that all 34 major banks met the minimum requirements, while the US Senate version of the health care bill was released, and Trump's health care will fight again in Congress next week, but at least three Republican senators have opposed it
.
In terms of copper industry information, customs data showed that China's refined copper imports in May were 265053 tons, down 16.
97% year-on-year, and the cumulative imports of refined copper from January to May were 1272161 tons, down 28.
18%
year-on-year.
In terms of the market, on June 23, Shanghai electrolytic copper spot traded at a discount of 150-100 yuan / ton for the contract of the month, a flat water copper trading price of 45730-45830 yuan / ton, and a premium copper trading price of 45750-45870 yuan / ton
。 Shanghai copper running bottom up, the holder took the lead in relaxing the copper discount, since the discount of 100 yuan / ton to about 120 yuan / ton, flat water copper and wet copper holders have no intention of expanding the discount more, and yesterday to maintain stability flat, although the market inquiry atmosphere is positive, but the volume of goods received is difficult to expand, downstream to maintain rigid demand, speculation performance is cautious, discount stalemate is difficult to attractive, the market shows the characteristics of supply and demand stalemate, bill factors keep the price difference at about
20 yuan / ton.
The Shanghai copper 1708 contract soared strongly to 46,720 yuan / ton during the day, officially announcing that the recent long-short competition is dominated by long wins, and the short-term trend can be the mainstay
.
In operation, it is recommended that the Shanghai copper 1708 contract can be backed above 46200 yuan to bargain long, enter the market reference around 46600 yuan, and target attention to 47200 yuan
.
