-
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
On Tuesday, Shanghai copper continued to be strong, the intraday rise narrowed, the main month 2209 contract opened at 60880 yuan / ton, the daily close at 61220 yuan / ton, up 650 yuan / ton, up 1.
07%, the futures market atmosphere is optimistic, supply and production is less than expected, and low inventory decline to copper prices to form a certain support, Shanghai copper continued to maintain a strong trend
.
In terms of spot, data show that the average price of spot 1# copper in the Yangtze River on August 9 was 61680-61720 yuan / ton, up 200 yuan / ton; Premiums 300-Premiums 340, down 40 yuan
.
In the spot market, the basis widened the next month, and holders have dumped goods for cash, but the market still has no obvious buying, and the receiver is afraid of heights, spot trading weakens, and the actual transaction performance is little
.
In terms of inventories, as of August 9, copper stocks on the London Metal Exchange (LME) decreased by 875 tons, or 0.
68%, to 126975 tons; As of August 8, the previous copper futures warehouse receipt was 4403 tons, down 150 tons
from the previous day.
On the supply side, according to satellite monitoring data, global copper smelter activity declined, China's smelting activity was sluggish, Jinchuan Copper and Jinjian-2 smelters were scheduled for maintenance, and South American smelting activity was the weakest; In addition, China's electrolytic copper production is less than expected; Weekly inventories in the previous period fell for three consecutive weeks, and low inventories supported copper prices
.
On the demand side, China's copper imports from January to July were 3.
41 million tons, up 5.
8% year-on-year, while customs statistics showed that imports of forged copper and products increased to 463693 tons at the end of July, up 9.
3% year-on-year; At the same time, infrastructure investment accelerates to boost metal demand prospects, orders from downstream head cable companies maintain a rising trend, and power supply investment maintains high growth, the development rate of new energy vehicle industry, and the construction of wind and solar bases in the second half of the year is also expected to continue to make efforts, driving the growth of
related wire and cable demand.
Comprehensive analysis, Shanghai copper rose three times in a row during the day, up 650 yuan, an increase of 1.
07%.
The macro atmosphere is warm, the supply and demand pattern is slowly improving, in addition, the domestic stimulus policy continues to be fulfilled, especially the effect of the policy of guaranteeing the delivery of buildings is gradually appearing, market confidence is gradually increasing, promoting the marginal recovery of the real estate market, coupled with the acceleration of national infrastructure investment and the growth rate of the new energy vehicle industry and a series of measures to stimulate copper consumption, while the continued decline in copper inventories in Shanghai and London provides support for copper prices, and the short-term copper price segment rebound continues
.
