-
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
The copper market rushed higher again on Tuesday, and the dollar fell sharply to support
the copper market.
The start of applications for U.
S.
vaccines, renewed bipartisan negotiations on stimulus packages in the United States, and a stronger PMI in China are all supporting factors
.
At the macro level, China's manufacturing data is strong, M1 year-on-year growth has increased, and the logic of strong domestic demand has been verified
again.
Expectations of a new round of stimulus in the United States have increased, the Federal Reserve is discussing a new round of bond purchase programs, coupled with the positive news of vaccines, the market risk appetite has significantly recovered
.
The supply side is tight, mine supply recovery is not as expected, imported copper concentrates and mineral sands fell sharply in October, and there are still tightening expectations, and the continued decline in refined copper inventories partly reflects strong demand
.
However, with the rapid development of copper prices, the market is afraid of heights, the premium continues to decline, and the overall transaction is weak, and the probability of copper price shocks is expected to be higher
.
In the copper market, domestic and foreign inventories increased slightly, and yesterday the domestic spot market began to change, supply began to increase, and consumers waited and watched
.
Technically, copper prices broke the 2018 high of $7,348 to open upside, with targets of $
8,000 and $10,000.
