-
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 Wednesday, the main 2102 contract of Shanghai copper rebounded, with the highest 58080 yuan / ton and the lowest 57140 yuan / ton during the day, and the closing price of 57850 yuan / ton, down 0.
09% from the closing price of the previous trading day; In the external market, LME copper rebounded, as of 15:00 Beijing time, the three-month London copper was reported at 7777 US dollars / ton, up 0.
40%
per day.
Market focus: (1) U.
S.
President Donald Trump asked Congress to revise the protest bailout and government spending package, and he wants to increase stimulus spending from $600 to $2,000
.
(2) The annualized total of existing home sales in the United States fell 2.
5% month-on-month to 6.
69 million units in November, down from a 15-year high of 6.
86 million units set in the pre-October period
.
(3) The Las Bambas copper mine in Peru, a subsidiary of China Minmetals, is gradually reducing production due to protests by local residents blocking roads, and the copper mine accounts for about 2%
of the world's production.
Spot analysis: On December 23, spot 1# electrolytic copper was quoted at 57360-57780 yuan / ton, with an average price of 57570 yuan / ton, down 990 yuan / ton
daily.
Yangtze River Nonferrous Metal reported that the sharp drop in prices triggered market buying, the discount turned into premium, and the transaction picked up
.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 28,327 tons on Wednesday, a daily increase of 705 tons; On December 22, LME copper stocks were 119,600 tons, down 3,375 tons per day, down for 11 consecutive days
.
Main positions: the top 20 long positions of Shanghai copper main 2102 contract are 76029 lots, a daily increase of 1933 lots, short positions of 80196 lots, a daily decrease of 246 lots, a net short position of 4167 lots, a daily decrease of 2179 lots, more short increases, and a decrease
in net space.
Market research and judgment: Shanghai copper 2102 rebounded
on December 23.
The emergence of a more contagious variant of the coronavirus in the UK, the rapid deterioration of the epidemic and the possibility of wider spread, are raising concerns; At the same time, Trump unexpectedly refused to sign the bailout package, but the market was optimistic about the final introduction of the plan, and the rebound momentum of the US index weakened
.
The supply of upstream domestic copper mines is tight, and the copper processing fee TC is low, which makes the cost high, but the inflow of high-grade scrap copper increases, and the substitution of scrap copper is expected to increase
.
Downstream market demand maintained a good performance, Shanghai copper inventories showed a trend of decomposition, and there was support
below copper prices.
Technically, the mainstream position of the Shanghai copper 2102 contract increased and decreased, focusing on the 20-day moving average support, and it is expected to recover slightly in the short term
.
Operationally, it is recommended to go long around 57600 yuan / ton, and the stop loss is 57300 yuan / ton
.
