-
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, the main 2010 contract of Shanghai copper opened high and volatile, with the highest 52,700 yuan / ton and the lowest 52,320 yuan / ton during the day, and the closing price was 52,590 yuan / ton, up 0.
67% from the closing price of the previous trading day; In the external market, LME copper fluctuated slightly, as of 15:00 Beijing time, 3-month London copper was reported at 6783 US dollars / ton, down 0.
13%
on the day.
Market focus: (1) British Prime Minister Johnson gave a deadline that if the UK and EU cannot reach an agreement before October 15, the UK will withdraw from the "Brexit" negotiations and accept the "no-deal Brexit" situation
.
(2) Tensions between Chile's national copper industry and the guild are escalating, and it is reported that the union is unhappy
with Codelco's prevention and control measures in response to the epidemic and the pricing of insurance premiums.
Workers at Chile's national copper industry (Codelco) said on Friday they would take action
on these "job threats".
Spot analysis: On September 8, the spot 1# electrolytic copper quotation was 52480-52570 yuan / ton, the average price was 52525 yuan / ton, down 115 yuan / ton
per day.
Yangtze River Nonferrous Metal reported that the willingness to raise prices is strong, traders' willingness to trade is suppressed, and the downstream is cautious and wait-and-see, and it is mainly
necessary to purchase.
Warehouse receipt inventory: Shanghai copper warehouse receipts totaled 62,229 tons on Tuesday, an increase of 21 and 97 tons per day; On September 7, LME copper stocks were 77,550 tons, down 4,900 tons per day, down for 18 consecutive days
.
Main positions: The top 20 long positions of Shanghai copper main 2010 contracts were 80886 lots, minus 737 lots per day, 75191 short positions, 364 hands per day, 5695 net long positions, 373 lots per day, both long and short decreased, and net long decreased
.
The recent better-than-expected employment data from the United States, coupled with concerns about a no-deal Brexit, supported the dollar index; At the same time, the domestic market demand has not seen significant improvement, the operating rate of copper enterprises in August continued to decline month-on-month, and Shanghai copper inventories still increased slightly, limiting the upward momentum
of copper prices.
However, China's copper mine imports fell month-on-month in August, and copper processing fees TC remained low, and raw material supply continued tightly; Coupled with the decline in copper inventories to a new low in nearly 14 years, and the closure of the domestic import window, the number of imported copper fell month-on-month, supporting copper prices
.
Technically, the mainstream long position of the Shanghai copper 2010 contract reduced its position even more, focusing on the resistance above the 53,000 position, and it is expected to fluctuate
in a wide short-term range.
