-
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
Tuesday's Shanghai copper main force 1706 months oscillated up, after the morning opening near the daily moving average narrow oscillation, then pulse straight up to the highest point of 46360 yuan after the high shock sorting, midday back down, and finally closed at 46040 yuan, up 280 yuan, or 0.
61%, the position decreased by 10326 lots to 226570 lots
.
Externally, LME copper rose in March
.
The morning opened at $5653 and then fell slightly to test the bottom of $5634.
5, then rebounded higher, and impulsively rose to the highest point of $5707.
5 before pulling back, and fell below the daily moving average at the end of the day, closing at $5679 during the domestic trading session
.
In terms of news, China's refined copper imports released today show that refined copper imports in March were 292367 tons, up from the previous month, but a sharp decline of 36.
17% year-on-year, indicating that the current domestic refined copper production is high, and the dependence on imported copper has declined, and it also indicates that the current domestic demand for refined copper has slowed down
.
On the macro front, commodity prices have been under pressure as the PBOC's balance sheet has contracted month by month since the beginning of this year, coupled with the PBOC's intention to tighten liquidity in its open market operations
.
Trump said on Monday that he was willing to delay the construction of the border wall until September to avoid a shutdown on the
28th.
The news frustrated people with high hopes for the wall, and commodity prices fluctuated
for short periods of time.
Spot market, intraday market trading flat.
Spot is currently fully converted to discount, and discount is expected to continue to expand, market shipments are not very active, manufacturers are also a small number of shipments, the main brands are Daye, Jinchuan, etc.
, while downstream manufacturers consumption is relatively weak, procurement activity is low, afternoon trading time is slightly better
than the morning.
The afternoon premium continued to fall compared with the morning, with good copper reported at C30-B00 yuan / ton, flat water copper C60-C50 yuan / ton, wet copper C100-C90 yuan / ton or so
.
At present, the spot premium discount has fully turned into a discount, and there is a continuous downward trend, the market supply is flat, and the downstream manufacturers are also unmoved by the low price and keep waiting and
seeing.
From a technical point of view, the Shanghai copper 1706 contract, daily level, K-line returned above the lower BOLL band, supported by the lower band, but the pressure at the moving average is still large, and the MACD black line continues to narrow
.
It is expected that short-term copper prices will be mainly volatile, and a slight rise is not excluded
.
