-
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
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
On Wednesday, Shanghai copper dived at a high in the morning, and the trend was volatile during the day, the main monthly 2302 contract opened at 66810 yuan / ton, the highest intraday 66820 yuan / ton, the lowest 66190 yuan / ton, settled 66330 yuan / ton, closed 66440 yuan / ton, up 110 yuan, or 0.
17%.
During the Asian session, London copper ran in a narrow range at a high level, and the latest quotation at 15:01 Beijing time was 8483 US dollars / ton, up 104 US dollars, or 1.
25%.
In terms of the market, the domestic spot copper price fell slightly, Yangtze River spot 1# copper reported 66380 yuan / ton, down 190 yuan, premium 0-40; The Yangtze River Comprehensive 1# copper price was reported at 66470 yuan / ton, down 140 yuan, and the premium was 50-170; Guangdong spot 1# copper price was reported at 66560 yuan / ton, down 80 yuan, premium 100-300 liters; Shanghai spot 1# copper price was 66300 yuan / ton, down 160 yuan
.
In the spot market, holders are actively exchanging goods for cash, downstream procurement demand is shrinking, premium is declining rapidly, and overall buying is not prosperous
.
Driven by optimism in the macro atmosphere, the metal is generally stronger, and the disturbance at the end of overseas mines is frequent, while at the same time, the pressure of domestic refined copper supply is limited, and extremely low inventories continue to provide support for the period price, but the spot premium is declining rapidly, the downstream consumer demand is shrinking, and the high level of Shanghai copper is falling, slightly red
.
In terms of news, the domestic epidemic prevention and control implemented "Class B and B management", and continued to optimize entry and exit policies, which once again boosted macro sentiment
.
Copper price inventory spot support but weakened, South China refinery maintenance continued to affect goods, Shanghai spot shipments due to the impact of the epidemic is also tight, bonded although there is accumulation but the window is closed is not conducive to inflow
.
However, high copper prices, year-end off-season and poor consumption under the influence of the epidemic, spot premiums have dropped
significantly.
The low inventory pattern still supports copper prices, which are expected to stalemate
at relatively high levels.
