-
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
Overnight, the main 1702 contract of Shanghai copper opened lower than 46400 yuan / ton
.
At the beginning of the session, long and short fierce competition near the daily moving average, Shanghai copper tested low 46220 yuan / ton, and then with the external rally driven bulls to actively enter the market Shanghai copper unilaterally rose to touch 47160 yuan / ton, the end of the high slightly pulled back to close at 46940 yuan / ton, up 260 yuan / ton, the trading volume decreased 131,000 hands to 138892 lots, and the position decreased 5600 hands to 218272 lots
.
Overnight RMB depreciation fell below 6.
94, the internal market was more resistant to decline than the outer market, the night session soared, the Bollinger Road mid-rail support is strong, and it is expected that today's operating range is 46500~47050 yuan / ton
.
In terms of market: on December 15, Shanghai electrolytic copper spot traded a premium of 20 yuan / ton - 160 yuan / ton for the monthly contract, and the trading price of flat water copper was 46520-46750 yuan / ton
。 Shanghai copper early interval monthly price difference is still maintained around 250 yuan / ton, some downstream before the month to increase the amount of receipts, the transaction was once active, but after entering the second trading session, the next month price spread fluctuated sharply, the market transaction was blocked, the holder's price mentality weakened, began to gradually reduce the quotation, downstream receipt increased, the transaction first rose and then suppressed, the market believes that the quotation after tomorrow's month change will remain between 50 yuan / ton - 100 yuan / ton
.
Inventories: As of December 9, the previous period of Shanghai copper stocks reported 131,950 tons, a weekly decrease of 3,413, a two-week decline, indicating that short-term domestic inventory pressure has declined
.
Overnight, the main oscillation of Shanghai copper rebounded to 46,940 yuan / ton, but due to China's high refined copper production, and London copper inventories have increased by nearly 82,000 tons in the past four days, increasing the supply pressure on the copper market, while the US dollar index is strong, but also increase the upward resistance of copper prices, it is recommended that the short-term copper market operation is bearish
.
The Shanghai copper 1702 contract can be backed by a short high below 47,500 yuan, with an entry reference of around 47,000 yuan, and a target of 45,800 yuan
.
