-
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
During the Qingming small long holiday, the domestic copper market was closed, and the outer plate of London copper oscillated and fell, of which the three-month LME copper closed down to 4768 US dollars / ton, down 2.
07% from 4869 US dollars / ton before the holiday, for seven consecutive trading days, falling back to the low point (4734 US dollars / ton) since March 1 of the year, and 7.
07%
from the high of 5131 US dollars / ton in this round of rebound.
In terms of market: on April 1, Shanghai electrolytic copper spot reported a discount of 120 yuan / ton - a discount of 60 yuan / ton, and the transaction price of flat water copper was 36830-36900 yuan / ton
.
After entering April, the capital level was slightly loose, and the downstream continued to buy
on the dip.
Traders were cautious
as downstream buying increased, with firm quotations and closed for the holiday.
Industry information: As of March 29, the long positions of COMEX copper speculative funds increased by 5089,10433, respectively, and the speculative net short was 4426 lots, maintaining net short for the 43rd week in the past 44 weeks, and the net space increased by 5344 compared with last week, indicating that the enthusiasm of speculative funds to short has climbed
.
Overall, during the domestic holiday, London copper under pressure decline, today Shanghai copper 1606 contract or low to open around 36600 yuan / ton, as the dollar index continues to fall, and the market gradually digests concerns about slowing demand in China, short-term copper price correction space is limited
.
