-
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 continued to be weak and volatile today, closing down 0.
55%, and the center of gravity did not move
significantly downward.
The pressure on the peripheral market is unabated and the A-share atmosphere is empty, the warehouse receipt inventory has rebounded, and the trend of Shanghai copper continues to come under pressure
.
China's main economic indicators improved in August, and the domestic economy recovered, but the pressure on the peripheral market has not abated recently, and the A-share market has continued to fall, the overall atmosphere is still on the empty side, and the trend of non-ferrous metals is under pressure
.
In addition, for the peripheral markets, expectations of continued aggressive interest rate hikes by the Federal Reserve are high, and rising mortgage rates are severely squeezing demand for real estate loans, and investors are more worried about the prospect
of a recession in the United States.
Recently, LME copper stocks are still hovering at a low level, but Shanghai copper warehouse receipt inventories bid farewell to the state of dematerialization, and yesterday soared by nearly 2,000 tons, and the support for futures prices may weaken
.
Copper prices are weak, market trading is average, spot tightness continues, and considering overseas inventories and bonded warehouse inventories, spot shortages are difficult to solve
.
Technically, copper prices are in the short-term consolidation and buying
at a low level.
In terms of the market, Shanghai Metal Network 1# electrolytic copper quotation 62750-62980 yuan / ton, the average price of 62865 yuan / ton, down 505 yuan / ton from the previous trading day, up 770-860 yuan / ton
for 2209 contracts.
The transaction situation is general, the fluctuation of the water is not large, the mainstream of flat water copper rises about 780 yuan, the mainstream of good copper rises about 840 yuan is sold, wet copper and poor copper are rare
.
Recently, the depreciation of the RMB exchange rate has triggered market concerns about the domestic economy, but the spot tension and the arrival of the peak season of gold and silver are coming, coupled with the basic digestion of macro bearishness and the continuous increase of domestic stable growth policies, coupled with the support below copper prices, so it is difficult for copper prices to fall significantly in the short term, and copper is expected to remain stable
.
