-
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
On Monday, the main contract of Shanghai copper 1911 opened at 47090 yuan / ton in the morning, and the bears reduced their positions all the way after the opening, and by the end of the afternoon, the market continued to rise to the highest level of the day of 47320 yuan / ton, and the afternoon fell slightly, the center of gravity stabilized around 47210 yuan / ton, and closed at 47250 yuan / ton, up 420 yuan / ton, or 0.
9%.
In terms of external trading, Apanlun copper opened at 5770 US dollars / ton, copper prices were relatively stable after the opening, 9 points China announced that the September PMI index performance exceeded expectations, new orders index and output index rebounded significantly, copper prices were affected by this positive rush to 5804.
5 US dollars / ton, and then the center of gravity fell back to 5795 US dollars / ton to finish.
On Friday, the IEA said that it may further reduce the forecast for oil demand growth, reflecting the sluggish global economic recovery, U.
S.
crude oil fell all the way down below $56 / barrel, dragged down by crude oil prices, after entering the European session, copper prices began to weaken, the center of gravity moved down below the daily moving average, as of 14:30, London copper closed at 5788 US dollars / ton, up 0.
45%.
In terms of the market, on the last trading day before the National Day, most companies in the spot market have entered the final settlement state before the holiday, with very few traders participating and even rarer quotations
.
Individual enterprises lead the quotation at 100 ~ 150 yuan / ton, almost covering the capital cost and risk factors during the festival, the market has a small amount of downstream replenishment, the market is basically in a state of priceless market, but there is some guidance
for the opening quotation after the holiday.
The afternoon market market has basically been in a state of holiday, and the afternoon quotation has corrected
due to the higher price of the market.
In the afternoon, flat water copper reported a premium of 90-100 yuan / ton, a good copper report of 120-a liter of 130 yuan / ton, and the transaction price was in the range of 47300 yuan / ton - 47430 yuan / ton
.
The overall intraday market was higher, mainly due to the release of the official domestic manufacturing PMI data for September exceeded expectations, market confidence was boosted, a large number of positions were closed before the short holiday, copper prices all the way up, but still need to be vigilant about the global macro weakness and market risks
caused by Sino-US trade uncertainty.
