-
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
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
Copper market review, Wednesday morning Shanghai copper main 1905 contract opened low at 49540 yuan / ton, after the opening price rose slightly to 49650 yuan / ton, bulls continued to reduce positions, copper prices maintained a slow pullback downward trend, before noon to test the low of 49500 yuan / ton, before noon around the low of 49530 yuan / ton oscillation to close.
Entering the afternoon, affected by the external market, copper price performance rose, after testing to the daily moving average, around the daily average of 49660 yuan / ton oscillation, the end of the session failed to successfully break through the daily moving average, slightly fell back to 49570 yuan / ton, down 50 yuan / ton, down 0.
1%.
South Reserve East China: the average price of electrolytic copper is 49410 yuan, up 100, and the price of the month's discount is 20 to 140, up 10
.
Approaching the delivery date, the willingness of holders to hold prices is strong, the supply of good copper is tight, the premium is slightly higher, traders are mainly speculative in receiving goods, low-priced sources are favored, and trading is stagnant at high prices, and the transaction performance is slightly improved
.
As of the close, the premium copper premium for the month was 130-140 yuan, up 20 yuan from yesterday; Flat water copper premium 20-30 yuan, flat; Wet copper discount 60-80 yuan, up 5
.
South China Reserve: The average price of electrolytic copper was 49,400 yuan, up 110, and the monthly discount quotation: 60 to 80, up 20
.
After the improvement in demand in the previous day, the circulation of flat water copper turned tight, and the shippers' price sentiment rose
.
In the morning, some flat water copper was reported at +70, +80 yuan / ton, up about 30-40 yuan / ton from yesterday, but it was difficult to trade; In addition, flat water copper began to ship at +50 yuan / ton, the transaction was smooth, after the low-price source was consumed, the mainstream water premium of flat water copper was adjusted to +60 yuan / ton, the transaction was still good, and some shippers further adjusted the water lift to +70, +80 yuan / ton
.
Good copper is due to the continuous realization of good copper warehouse receipts into the market, the supply is relatively loose, the mainstream report is about 80 yuan / ton, and the price difference with flat water copper is small, and the transaction is not as good as flat water copper
.
In general, downstream market procurement is general, while many traders and large households in the market are inquiring to receive goods, and the trading performance is good; If the premium continues to rise, warehouse receipts may turn more into spot inflows
.
The Shanghai copper closing below the body was supported by the 5-day moving average during the day, and the KDJ indicator opening turned high, which was bearish for copper prices
.
Wait for the guidance of the external market to test whether the main force of Shanghai copper can hold the position
of 49,500 yuan / ton.
