-
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
Copper prices rebounded again after a narrow range of fluctuations last week, approaching the 70,000 area, and the market was slightly resilient
in the weakness.
Non-ferrous metals opened higher and lower in the morning, and the gains generally narrowed
.
By midday's close, Shanghai copper was up 0.
83% and international copper was up 1.
03%.
On the macro front, global central banks will continue to maintain their current ultra-loose monetary and fiscal policies in the short term, and although the dollar has been strong after this interest rate meeting, it is largely an overdraft
of future economic growth.
In terms of the market, copper prices in the first half of last week were basically in a narrow range of volatility, but the rising premium continued to show a low recovery, indicating that there is still a certain price sentiment among holders, which may make there still some support
below copper prices.
On Friday, copper prices showed a sharp strengthening
due to the sudden announcement of the RRR cut by the central bank.
In terms of fundamentals, the current TC price continues to rise, coupled with the domestic storage rumors landed, so the supply side has a more negative impact on copper prices, while 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, but due to the current market Fed dumping rumors interference and the impact of the possible tightening of central bank liquidity around the world, so overall, the current relatively neutral attitude
is maintained.
