-
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
LME copper opened high on Monday, and as of 15:00 Beijing time, the three-month London copper was reported at $6062.
5 / ton, up 1.
02%
on a daily basis.
The main 1908 contract of Shanghai copper rushed high and fluctuated, with the highest 47450 yuan / ton and the lowest 46960 yuan / ton during the day, and the closing price was 47360 yuan / ton, up 0.
74% from the closing price of the previous trading day; The trading volume was 124,100 lots, a daily decrease of 33,086 lots, and the position was 219,900 lots, a daily decrease of 2,222 lots
.
The basis was reduced to -35 yuan/ton; The price difference of Shanghai copper in 1908-1909 remained at -50 yuan / ton
.
In the spotlight, Caixin China's manufacturing purchasing managers' index (PMI) recorded 49.
4 in June, down 0.
8 percentage points from May, falling below the boom-dry dividing line for the first time in four months, indicating a significant decline
in China's manufacturing boom.
Chile's copper production fell 1.
2 percent in May from a year earlier to 492,322 tonnes, with production falling mainly due to little space and continued declines
in ore grades, data released on Friday, data from Chile's National Statistics Institute (INE).
At the meeting between the leaders of China and the United States, the two sides agreed to restart economic and trade consultations
on the basis of equality and mutual respect.
Spot analysis, on July 1, spot 1# electrolytic copper quotation 47280-47370 yuan / ton, the average price of 47325 yuan / ton, up 275 yuan / ton
from the previous trading day.
In July, the company's funds are loose, the transaction has entered a new trading cycle, the willingness to raise the price is obvious, but the transaction response is not positive enough, the source of good copper accounts for less, it is difficult to have room for price reduction, and the downstream maintains just need to buy
.
The market is higher, the market circulating sources have not seen a large outflow, the mainstream transactions within the day are mostly concentrated in traders, the holders of goods on the first day of the month are more willing to hold the price, and the characteristics of the same strength are more obvious
.
Warehouse receipt inventory, Shanghai copper warehouse receipts totaled 63,764 tons on Monday, a daily increase of 675 tons; On June 28, LME copper stocks were 241,400 tons, or 225 tons per day; In the week ended June 28, copper cathode stocks on the Shanghai Futures Exchange were 146019 tons, an increase of 11,272 tons, the first increase after 12 consecutive weeks
.
The main 1908 contract of Shanghai copper during the day rushed high and fluctuated
.
China and the United States are willing to restart economic and trade negotiations to boost market optimism and benefit copper prices, but China's PMI fell below the line of prosperity and drought in June, indicating that the economy is under further pressure and putting some pressure
on copper prices.
In terms of spot, entering July, the company's funds are loose, the transaction has entered a new trading cycle, the willingness to hold the price is obvious, but the transaction response is not positive enough, the proportion of good copper sources is small, it is difficult to have room for price reduction, and the downstream maintains just need to buy
.
Technically, the main 1908 contract of Shanghai copper once again stood on the 5-day moving average, and the daily MACD red column increased slightly, and it is expected that there will be more
short-term volatility.
