-
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 1806 oscillation fell slightly, intraday trading at 50740-50070 yuan / ton, the end of the close to 50490 yuan / ton, down 0.
06% per day, the current copper price initially fell below the main moving average group, the technical pattern is weaker than London copper, short-term continue to pay attention to the support
of the 50,000 integer mark.
In terms of term structure, the positive price difference between the Shanghai copper 1805 contract and the 1806 contract rose to 130 yuan / ton
.
In the external market, Asian Copper bottomed out, cutting some of the intraday declines, of which the 3-month LME copper reported 6829 US dollars / ton, down 0.
07% per day, but copper prices are still running
at the interweaving of moving averages.
In terms of positions, on April 12, the position of London copper was 321,000, an increase of 2,809 lots per day, and the increase in positions of London copper oscillated, indicating that the divergence between long and short increased
after the decline in copper prices.
In terms of the market, on April 16, Shanghai electrolytic copper spot for the current month contract 1804 reported a premium of 40 yuan / ton - 100 yuan / ton, and the transaction price of flat water copper was 50340 yuan / ton - 50480 yuan / ton
.
Shanghai copper price difference fluctuates in the range of 160-180 yuan / ton, most of the market holders have quoted 1805 contracts, when the morning market spread is around 160 yuan / ton, flat water copper quotation is 200-220 yuan / ton
.
The price difference has widened to 200 yuan / ton before the noon close, and the quotation is good copper lift water to 270-280 yuan / ton, but the transaction shows a gradual decline, converted into the current month contract, the premium is difficult to break 100 yuan / ton, after the month, whether the market can continue to maintain a stable high premium is still in doubt
.
On the macro front, the Asian dollar index fell under pressure, now trading around 89.
58, falling below the moving average group, indicating that the market's confidence in the dollar has declined, the market focuses on US retail sales in March; the US NAHB housing market index for April; USDA export inspection report
.
In terms of industry, Yunnan Copper expects a net profit of 101 million yuan to 130 million yuan in the first quarter of 2018, a year-on-year increase of 50.
69% to 93.
96%, due to the year-on-year increase in the price of main products electrolytic copper and sulfuric acid
.
During the day, the Shanghai copper 1806 contract oscillated slightly to 50490 yuan / ton, and the rebound lacked momentum
.
At present, copper prices are below the moving average group, and the Sino-US trade dispute has been repeated from time to time, and investors still need to be cautious
in operation.
In operation, it is recommended that the Shanghai copper 1806 contract can be sold high and low between 50100-51000 yuan / ton, and the stop loss is 350 yuan / ton
each.
