-
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
Today's Shanghai copper opened low and weak, closing the Shanghai copper main 2107 contract closed at 70910, down 2150, or 2.
94%.
Affected by the sharp drop in the number of jobless claims in the United States last week overnight, the acceleration of economic recovery has promoted the possibility of tightening the Fed's loose monetary policy, and the non-farm payrolls data in the evening is about to land, and the market layout
in advance.
The rise in the U.
S.
dollar index hit the non-ferrous metals market, and copper prices remained weak during the day, and the decline accelerated after midday
.
The data shows that employment in the leisure and hospitality sectors has begun to revitalize, and education and health services have also rebounded
.
The New York Fed said it would begin a gradual sell-off of its corporate bond ETFs
on June 7.
Such a sharp correction in copper prices may suggest a shift in macro sentiment, combined with a strong labor market and previously higher-than-expected core PCE data, and the market fears that the Fed will tighten monetary policy
ahead of schedule.
At the level of supply and demand, except for the tight copper mine, it is currently stable
.
At present, the price pattern of copper prices may change, in the last stage by liquidity easing to promote the price further into demand consumption driven, the recent copper price affected by this may be weak pain, wait for the night non-farm data to further assess the price fluctuation range in the third quarter, or there is a weak bottom to stabilize the market
.
Operationally, it is recommended to wait and see, and it is just necessary to stock up around 71,000
.
