-
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
Base metals generally rose sharply, with London copper rising to the 8,400 yuan line, up $130 from the Shanghai copper close on February 10
.
During the holiday period, London copper stocks increased slightly, spot premiums once soared more than $20, yesterday inventories increased by more than 2,000 tons, spot premiums fell back to $13, indicating that there is pressure to squeeze under low inventories
.
Externally, the continued weakness of the US dollar has benefited the metal sector as a whole, coupled with higher inflation expectations with higher crude oil prices, which is also more favorable for copper varieties with relatively strong financial attributes, so during the Spring Festival, LME London copper showed a very obvious rise
.
In the spot market, on the last trading day before the Spring Festival holiday, the average price of 1# electrolytic copper ran between 60,060 yuan / ton and 60,350 yuan / ton, and the average premium price of flat water copper ran between
30 yuan / ton and 50 yuan / ton.
In the spot market, the domestic market was closed during the Spring Festival, while the price of LME copper rose sharply by 4.
20% during the Spring Festival week, closing at $8318/mt
.
Fundamentally, the CSPT team finalized the copper concentrate processing fee floor price for the first quarter of 2021 at US$53/mt and US$5.
3/lb.
Decreased by $5 and 0.
5 cents from the fourth quarter of 2020, indicating that the market is still pessimistic about the future supply of copper concentrate, and on the demand side, China's current control of the new crown epidemic is still very successful, and the new energy and new infrastructure sector will continue to pull copper demand.
