-
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 Thursday, Shanghai copper trend is strong, the day continues to rise, the main month 2209 contract opened at 58280 yuan / ton, the day closed at 59990 yuan / ton, up 1740 yuan / ton, up 2.
99%, the Fed interest rate hike boots as promised, risk appetite heated, industrial metals sector continued to strengthen, Shanghai copper was shocked to usher in a big rise
.
In terms of spot, on July 28, the average price of spot 1# copper in the Yangtze River was 60120-60160 yuan / ton, up 1370 yuan / ton; Liter 440-Liter 480, down 110 yuan
.
In the spot market, the overall transaction performance is average, the rise in copper prices inhibits downstream consumption, and although the holders have a price mentality, the downstream is afraid of high and cautious on-demand procurement
.
In terms of inventories, as of July 28, copper stocks on the London Metal Exchange (LME) decreased by 800 tons, or 0.
60%, to 131,700 tons; As of July 28, the warehouse receipts of copper metal futures traded in the previous period were 8,051 tons, down 375 tons from the previous day; According to the investigation, the electrolytic copper spot warehouse in Baoshan District, Shanghai, is out of the warehouse normally, including the Wusong warehouse and the Dachang warehouse, and the company said that the goods can be picked up with a 24-hour nucleic acid report, and the shipment is normal
.
On the supply side, domestic inventories have fallen sharply, market circulation has decreased, premium remains high, the mainstream price of smelting acid in Shandong has fallen by 280 yuan / ton, while the price of smelting acid in Hunan, Hubei and other places has declined to varying degrees, and the release of smelting capacity is expected to ease, and the supply has declined
.
In terms of demand, downstream consumption is in a state of steady improvement, the operating rate of major large and medium-sized copper rod enterprises in China has risen to 0.
64 percentage points from last week, and the government has increased its efforts to support the real estate market, but downstream consumption is still in the summer traditional consumption off-season
.
Overall, the Fed's interest rate hike has landed, and the colored sector has rebounded, but the continued interest rate hike will still have a restraining effect on demand, so it is still mainly a wait-and-see attitude in the short term
.
