-
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 low volatility, the main month 2105 contract opened at 65860 yuan / ton, the highest intraday 65930 yuan / ton, the lowest 65190 yuan / ton, settled 65610 yuan / ton, closed 65600 yuan / ton, down 730 yuan
.
The trading volume of the main 2105 contract of Shanghai copper increased by 32909 lots throughout the day 161047 lots, and the position decreased by 1615 to 142081 lots
.
During the Asian session, London copper bottomed out, and the latest quotation at 15:01 Beijing time was 8795 US dollars / ton, up 44.
5 US dollars, or 0.
51%.
In terms of the market, today's domestic spot copper prices fell sharply, Yangtze River nonferrous metal network 1# copper price was reported at 65230 yuan / ton, down 890 yuan, discount 70-discount 10; Guangdong spot 1# copper price reported 65240 yuan / ton, down 930 yuan; Yangtze River spot 1# copper 65260 yuan / ton, down 910 yuan, discount 40-discount 20; Shanghai spot 1# copper price was 65160 yuan / ton, down 1000 yuan
.
In the spot market, holders are actively shipping, traders are on the sidelines, and downstream just need to purchase
.
The United States will announce an infrastructure plan, but the resistance is greater, and the market is still looking forward to the arrival of the domestic demand season in the second quarter, and the short-term copper price shock operation
.
On the macro front, Biden is expected to announce a transportation-focused infrastructure stimulus package on Wednesday
.
Biden's infrastructure plan could be raised to as much as $4 trillion, including up to $3.
5 trillion in tax
increases.
The focus of the market is gradually turning to new infrastructure
.
In addition, Fed Governor Waller said that the rise in bond yields is a good sign of economic recovery and should not be intervened, which also reflects that the US monetary policy has not completely turned around, which to a certain extent alleviates the market bearish sentiment
.
However, helplessly/US Treasury yields rose, the US 10-year Treasury bond yield broke through the previous high of 1.
7543%, continuing to brush a new high since January last year, and the spread between the US 2-year and 10-year Treasury bonds widened to the highest level since July 2015, causing the dollar to soar above the 93 integer mark, and copper fell under pressure
.
Overall, the US dollar index continued to rebound, although the supply of copper concentrate tightened, it has not yet been transmitted to the port of electrolytic copper, while copper peak season consumption has not seen signs of starting, downstream copper rod consumption is weak, short-term copper price upside is limited
.
