-
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
Last week, copper prices broke through the volatility range maintained for more than a month, and the main force of Shanghai copper rose at 69,500, and as of 3 pm on Friday, the main force closed at 68540 points, up 2.
73% or 1820 points
.
On the macro front, the US non-farm payrolls data exceeded expectations, Powell said that the market expects loose monetary policy to continue, the 10-year US Treasury yield fell, the US dollar index was also weak to the downside, releasing external pressure, aluminum prices took the lead in breaking new highs, the wind on national price control cooled, and the capital surface boosted the rebound
of most non-ferrous metals.
In the market, spot copper rose by 1810 yuan last week, because the large monthly price difference and the continuous rise in the market suppressed the willingness of downstream buyers to enter the market, and the copper transfer discount was around
90 yuan.
On Monday and Tuesday, the market was in a weak position, and the market transaction improved significantly, but the peak season demand performance was average, the market expected to be delayed compared with the traditional time, the inflection point of the inventory in the previous period has not yet arrived, and it is expected that after the market stabilizes, the discount range will narrow
.
In terms of import profit and loss, U.
S.
bond yields, the US dollar index have recently weakened downward, the import profit window continues to close, and the gap widens to around
600 yuan / ton.
Fundamental changes are still not large, speculation is expected to be more in the peak season, coupled with the maintenance plan of domestic smelters in the second quarter, the mine end remains tight, and the overall copper price
is positive.
Follow-up to maintain bullish expectations, intraday surge to attract bulls to take profits, the market is expected to still have room for adjustment, downstream waiting for a pullback replenishment
.
Copper prices rebounded last week, with Shanghai copper closing at 68,540 points, up 2.
73%.
The market maintains bullish expectations, but there is a short-term need for a higher adjustment, and it is expected that there will still be a strong performance
after the adjustment next week.
