-
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 Thursday, the Shanghai copper 1609 contract opened at 38400 yuan / ton, after the opening of Shanghai copper first slightly tested down to 38300 yuan / ton, in the 5-day moving average near the support, then the dollar fell, bulls followed the trend to increase positions, copper price center of gravity was raised to around 38500 yuan / ton, long short-term operation, copper prices temporarily consolidated, afternoon with a black series of sharp rises, London copper high touch 5000 US dollars / ton, a wave of short liquidation outflow, copper prices slowly rising, high touch 38690 yuan / ton, closed at 38650 yuan ton, Up 370 yuan / ton
.
In foreign countries, London copper opened at 4951.
5 US dollars / ton on Thursday, Asian session, driven by the US dollar pullback and crude oil rebound, London copper extended the daily average upward, and then stabilized at 4577 US dollars / ton, during the market was slightly cautious, trading was light, in the afternoon, metals have opened a wave of strong rise, London copper touched 5000 US dollars / ton
.
Entering the European market, the UK announced that core retail sales in June were less than expected and the previous value, the pound fell sharply, market caution recovered, London copper gave up some gains, as of 17:30, London copper was reported at 4970 US dollars / ton
.
In terms of the market, Shanghai copper rebounded 300 yuan / ton from yesterday, and the intraday fluctuated in a narrow range, and the copper premium fell back after a slight stalemate due to flat transactions
.
After the first quarter of the market is closed, the downstream is difficult to fall and there is a small replenishment, but because the wet copper and flat water copper on the market are quite sufficient, so the holders still cannot support the quotation
.
As a result, after 11 o'clock, the good copper quotation turned to flat water, and the low-end flat water copper quotation has been heard to have a discount of 40 yuan / ton
.
Entering late July, only a few traders reported next monthly tickets, which was very different from the same period in June, showing that overall sales in July were weak
.
In the afternoon, copper prices rose strongly, the market was afraid of heights, and the quotations of holders passively fell to a discount of 40 yuan / ton ~ flat water, and the transaction price was raised to 38450-38580 yuan / ton, and supply and demand highlighted the deadlock
.
Overall, Shanghai copper intraday volatility closed higher, futures prices returned to near the upper edge of the intraday area, investors' risk appetite increased, supporting the rebound of copper prices, it is recommended that prudent investors wait and see for the time being, aggressive investors back to the upper edge of the intraday light position short test, effectively break the stop loss, pay attention to the upper pressure and market sentiment changes
.
