-
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
Thursday Shanghai copper main contract 1912 morning opened at 47390 yuan / ton, after the opening of the bulls immediately closed a large number of positions, the plate quickly fell to around 47300 yuan / ton, with the release of domestic October PMI data less than expected, intensified domestic concerns about the manufacturing situation, Shanghai copper instantly fell 80 yuan / ton, low intraday low 47270 yuan / ton, the center of gravity continued to move up in the afternoon to around 47360 yuan / ton, the end of the session closed at 47330 yuan / ton, down 180 yuan / ton, down 0.
38%
。
Externally, the U.
S.
dollar index fell sharply last night after the Federal Reserve's interest rate cut decision, boosted by a weak dollar, Apanlon copper gaped to open at $5899 / ton, copper prices around the 5900 mark after the open, and returned above $5900 / ton before the European market
.
After entering the European session, the German September actual retail sales monthly rate and the French October CPI preliminary annual rate were less than expected, coupled with the latest release of a series of European economic data poor performance, making the market doubt about the speed of the euro area economic recovery, copper prices fell rapidly downward, as low as 5845 US dollars / ton
.
As of 17:20, London copper closed at $5853/ton, down 0.
58%.
In terms of the market, Shanghai copper fell under pressure to 47200 yuan / ton line, the spot market stalemate remained unchanged, the last day of the month, market consumption was weak, trade market activity is difficult to improve, the market continued the previous day's quotation, the morning market quotation discount 10-liter 20 yuan / ton
.
Flat water copper discount 10 yuan / ton is common, the market inquiry atmosphere is still positive, a small number of sources can have 5 yuan / ton of price space, good copper maintenance premium 10 ~ premium 20 yuan / ton, wet copper continues to have abundant supply, the quotation is generally as low as 60 yuan / ton ~ discount 50 yuan / ton
.
At the end of the month, the downstream still remained on the sidelines, did not see active buying, the quotations of holders were unchanged, some traders had low prices, but the space for pressure was limited, the supply and demand sides continued to tug-of-war, the market was lackluster, waiting for the cross-month period, trading is expected to break the deadlock and break through
.
In the afternoon, the market quotation continued to be deadlocked, the willingness of the market to receive goods was weak, there was almost no purchase downstream, and the supply of goods in the hands of the holders was also limited, and there was no willingness to
sell goods for the time being.
In terms of consumption, the peak season in October is not strong, the speed of inventory digestion has slowed down significantly, the most important consumption area of copper power investment fell 12% year-on-year, at the end of the year is basically hopeless to catch up with the investment progress, with the arrival of the off-season prices are difficult to continue to rise, maintain range shock, the recent 48000-47500 pressure area, maintain the high short idea
.
