-
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
Shanghai copper fluctuated in a narrow range during the day on Tuesday, closing up only 0.
13%, and the futures price still hovered below
the 70,000 line.
The RRR reduction is in line with market expectations, and it is difficult to form a more boost to copper prices, while spot premiums continue to decline, and copper prices continue to fluctuate
.
News: Preliminary observation of symptoms of Omicron variant virus infection shows only mild symptoms, and market risk sentiment has improved
.
However, recently the Fed abandoned the inflation transitory theory, and officials frequently sent hawkish signals, supporting the strengthening of the dollar index
.
People's Bank of China decided to reduce the reserve requirement ratio of financial institutions by 0.
5 percentage points
on December 15, 2021.
The International Monetary Fund (IMF) said the ECB should stick to its ultra-loose monetary policy stance
as long as the current surge in consumer prices looks temporary.
In terms of industries, customs data showed that China's imports of unwrought copper and copper products in November were 510,4023 tons, rebounding for three consecutive months to the highest level since March this year, and narrowing
the gap with the same period last year.
The main reason is that China's copper-intensive manufacturing and construction activities have increased as the momentum of power curtailment and soaring raw material prices eased, and the demand for copper increased
.
And copper concentrate imports also increased in November, but due to the impact of the epidemic, some ports in the north did not clear customs smoothly, coupled with the possible closure of the Las Bambas copper mine in Peru, or affecting the subsequent supply
of copper mines.
In terms of fundamentals, the growth of upstream copper processing fees has slowed down, and the tight supply of cold materials still exists, coupled with the sharp decline in sulfuric acid prices, the pressure on refinery production has increased
.
In November, the domestic power rationing situation was relaxed, and the operating rate of downstream processing enterprises rebounded significantly, but near the end of the year-end demand off-season, downstream procurement willingness is low, and the sensitivity to copper price increases is high, mostly based on bargain hunting
.
Recently, domestic and foreign inventories have maintained a trend of decomposition, inventories have been at a historical low, the market is showing a tight supply situation, and copper prices are expected to fluctuate
widely.
