-
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 Monday, Shanghai copper opened strongly, the main monthly 2212 contract opened at 61680 yuan / ton, the highest intraday 63440 yuan / ton, the lowest 61680 yuan / ton, settled 62030 yuan / ton, closed 62840 yuan / ton, up 810 yuan, or 1.
31%.
During the Asian session, London copper was weak and volatile, and the latest quotation at 15:01 Beijing time was 7603 US dollars / ton, down 47 US dollars, or 0.
62%.
On the macro front, the dollar index fell
on Friday as some Fed officials released a "dovish" attitude, hoping that the pace of interest rate hikes would slow down in December.
On the supply side, there are many overseas energy disturbance factors, and it is difficult for aluminum smelters that have reduced production to resume normal production in the short term; Domestically, the epidemic situation in the north has eased, the overall operating rate of bauxite is not high, and the market transaction is relatively limited; In terms of electrolytic aluminum, Inner Mongolia has new production capacity put into operation, Sichuan has resumed production slower than planned, the power shortage in Yunnan has not eased, there is a possibility of further production pressure, and the supply side is expected
to reduce production.
On the demand side, last week's domestic aluminum downstream processing leading enterprises operating rate fell by 1 percentage point month-on-month, the recent epidemic is frequent, aluminum processing enterprises in some areas are not timely to lead to shutdown, operating rate decline, consumption is also limited, "gold nine silver ten" has passed most of the time, peak season performance is lower than in previous periods, long-term demand is doubtful
.
In terms of the market, today's domestic spot copper prices rose, Yangtze River spot 1# copper 64670 yuan / ton, up 580 yuan, premium 730-liter 770; Yangtze River comprehensive 1# copper price reported 64650 yuan / ton, up 690 yuan, premium 670-liter 790; Guangdong spot 1# copper price reported 64620 yuan / ton, up 800 yuan, premium 600-liter 800; Shanghai spot 1# copper price was 64560 yuan / ton, up 540 yuan
.
Imported goods flowed into the market, spot premiums were slightly lowered, holders adjusted prices and shipments, and new orders outside the downstream just needed to receive goods were still weak, and the overall transaction activity was flat
.
Some Fed officials spoke to signal a slowdown in raising interest rates, the US index weakened, and the pressure on non-ferrous metals suspended
.
At the same time, LME copper inventories retreated, accumulation concerns eased, and the outlook for metal demand improved, and Shanghai copper trend was stronger
during the day.
