-
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
Copper market morning comment: overnight copper prices weakened
.
On the macro front, the US non-farm payrolls data exceeded expectations, supporting the Fed to raise interest rates by 75 basis points, the market is currently digesting the impact of sharp interest rate hikes, the US dollar broke through strongly again, and the non-ferrous market was also under pressure; Domestically, the domestic epidemic has been repeated, resulting in continued weakness in market sentiment, but it can also be expected that the steady growth will continue to increase
.
In terms of fundamentals, the supply of refined copper in July continued to increase, combined with the current forecast of demand, the market has a weak expectation of supply and demand, but the current weakening of demand is mainly due to the lack of confidence in the market, worried about the rapid decline in prices again, so whether it is procurement or downstream construction is not particularly ideal, in addition, copper prices are falling rapidly, recycled copper companies are greatly affected, and it is expected or slowing down supply
.
On the whole, the Fed interest rate meeting at the end of July is coming, and the sudden tightening of the domestic epidemic has also put greater pressure on the market, and the continued weak market sentiment inside and outside will continue, and copper prices may fluctuate at the current low price to pass this stage
.
However, what is the absolute low is difficult to measure by fundamentals, and it is recommended that downstream companies choose the opportunity to purchase or buy hedging according to the current profit situation to protect the profits
brought by the decline in copper prices.
![disodium 4,4'-bis[[4-anilino-6-[(2-carbamoylethyl)(2-hydroxyethyl)amino]-1,3,5,-triazin-2-yl]amino]stilbene-2,2'-disulphonate CAS NO 27344-06-5](https://file.echemi.com/fileManage/upload/cas/77/e1abc71f-648d-403c-93fe-69b5c9401d56.gif)
