-
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 ran weakly, the main monthly 2209 contract opened at 61020 yuan / ton, the highest intraday 61250 yuan / ton, the lowest 59120 yuan / ton, settled 60690 yuan / ton, closed 60250 yuan / ton, down 440 yuan, down 0.
72%.
During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 7806 US dollars / ton, up slightly by 5 US dollars, or 0.
07%.
In terms of the market, the domestic spot copper price fell sharply during the day, and the Yangtze River spot 1# copper 60540 yuan / ton, down 1120 yuan, premium 380-premium 420; The Yangtze River Comprehensive 1# copper price was reported at 60470 yuan / ton, down 1060 yuan, and the premium was 270-390; Guangdong spot 1# copper price reported 60390 yuan / ton, down 1010 yuan, premium 150-liter 350; Shanghai spot 1# copper price was 60370 yuan / ton, down 1200 yuan
.
In the spot market, holders are actively shipping, downstream replenishment willingness is enhanced, trading activity has rebounded moderately, and the overall trading volume has remained stable
.
The market sentiment is bearish, affected by the geopolitical risks in the Asia-Pacific region, which has led to the dominance of disgust, coupled with the lack of solid recovery of the domestic economy and limited support for copper prices, so the Shanghai copper diving reversal is weak
.
Shanghai copper closed down during the day, on the one hand, the market bullish sentiment was bearish, affected by Asia-Pacific geopolitical risks, prompting investors' risk appetite to fall.
Coupled with weak manufacturing data from many countries, the market fears of recession have intensified, and the trend of Shanghai copper has weakened and declined
.
On the other hand, domestic inventories fell sharply in the off-season, and there was generally a willingness to replenish downstream, as well as new energy vehicles, power grids, photovoltaics, etc.
performed brightly, and the fundamentals gave strong support to copper prices
.
Therefore, after the morning diving of Shanghai copper, the market picked up in the afternoon and the decline narrowed
.
However, it is still necessary to pay attention to risk events and further observe the direction
of copper prices.
