-
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 is running strongly during the day, and the gains continue to expand, closing up 1.
71%, and the futures price updated the high level of nearly two months
.
Peripheral sentiment is acceptable, low inventories still provide support for copper prices, and Shanghai copper runs
strongly.
The US dollar index recently retreated from its highs, the market waited for the speech of Fed Chairman Jerome Powell later, and the US data released overnight was acceptable, and the market atmosphere was generally warm.
Market expectations that Powell may hint at a slowdown in the pace of interest rate hikes on Friday, and U.
S.
stock indexes rebounded, supporting market risk sentiment
.
In terms of the market, Shanghai Metal Network 1# electrolytic copper quotation 64160-64380 yuan / ton, the average price of 64270 yuan / ton, up 940 yuan / ton from the previous trading day, the 2209 contract reported up 440 liters 490 yuan / ton
.
Today's spot market trading is average, and the premium is up 35 yuan / ton
from yesterday.
Copper prices remained strong, downstream on-demand procurement, domestic trade market supply is not significantly abundant, premium remains strong
.
During the mainstream period, flat water copper rose around 450 yuan, good copper rose 470 yuan or so The transaction was acceptable, the volume of wet copper goods increased slightly, and the poor copper reported less
.
Previously, the power shortage in some parts of the country had an impact on copper smelting and demand, but it is understood that with the downgrade of high temperature weather, the production of copper smelters affected by power cuts in East and Central China has improved to varying degrees, and it is expected to basically resume normal production
from next week.
During the week, the inventory of Shanghai copper warehouse receipts continued to deteriorate, but the copper social inventory increased
slightly.
With the marginal improvement of the inflow of imported goods into the supply side, and the gradual improvement of high temperature weather, the expectation of future supply easing will increase, putting pressure
on copper prices.
However, supported by low inventories and rumors of a squeeze, copper prices are also expected to be difficult to go unilaterally
.
Copper prices are treated
as range-bound in the short term.
