-
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
After the opening of Shanghai copper on Monday, it fluctuated in a narrow range around 71,100 yuan / ton, and the plate slowly rose to touch 71,530 yuan / ton at about 9:30, and the second time period declined, closing at 71,390 yuan / ton
at midday.
The afternoon opening continued to slide slightly to the daily moving average, and around 71300 yuan / ton sideways, around 2:30 p.
m.
continued to decline and fell below the daily average to 71100 yuan / ton, the end of the day rose slightly, and finally closed at 71360 yuan / ton
.
Down 1150 yuan / ton, down 1.
59%.
On the macro front, the Fed's interest rate hike in March and the progress of the geopolitical situation in Russia and Ukraine have become the focus
of market attention.
Bullard, the president of the St.
Louis Fed, reiterated on Monday that "the planned drawdown easing plan will be arranged in advance" to fight inflation, and the Kansas City Fed president also said that he would support the Fed selling assets directly, rather than waiting for the bonds to automatically mature
.
Diplomatic efforts by Western leaders and Russian President Vladimir Putin over the weekend failed to break through, with U.
S.
stock index futures, U.
S.
Treasury yields and international stock markets falling
on the possibility of impending war.
But then Putin supported continued talks with the West, and market panic eased
.
From a fundamental point of view, Shanghai copper, close to the delivery month, the downstream is still in a wait-and-see state, the performance is relatively light, although the market is not happy, but the holder's quotation is firm, Shanghai copper rises to the water; In terms of copper in South China, Guangdong inventories have increased for six consecutive days, and have increased by more than 2 times
compared with before the holiday.
Although inventories continue to increase, under the widening of the monthly difference, holders are reluctant to ship at low prices, while downstream manufacturers resume production and increase, promoting the rise of copper in South China
.
In terms of inventory, the LME went to storage, and SHFE accumulated significantly
.
On February 14, the LME destocked 19,000 mt to 72,200 mt, and SHFE stocks rose 17,000 mt to 52,600 mt
.
In terms of imports, the import window continued to close, LME0-3 maintained its Back structure, and market trading continued to maintain low activity
.
Overall, macro events have greatly aggravated copper price fluctuations, maintaining a wide range of fluctuations unilaterally
.
