-
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 1902 contract of Shanghai copper opened at 49080 yuan / ton in the morning, London copper strengthened, Shanghai copper was boosted by this slightly oscillation upward to the intraday high of 49120 yuan / ton blocked, under the drag of the weakening of London copper, Shanghai copper was affected by the suppression of bears, gave up all the gains at the beginning of the session, fell below the daily average of 49020 yuan / ton was supported by the daily moving average, copper prices rose slightly to 49070 yuan / ton, and then from 49040 slightly oscillated upward to the intraday high of 49100 yuan / ton blocked, During the period, the two uptests of 49100 yuan / ton were hindered from falling, before the afternoon of the Asian market, again affected by the sharp fall of London copper, Shanghai copper under the guidance of the bulls exited, from 49090 yuan / ton shock weakened to 48900 yuan / ton, completely fell below the daily average and lost the 49000 yuan / ton mark
.
In the afternoon, copper prices fluctuated in the range of 48870 ~ 48970 yuan / ton, the amplitude did not exceed 60 yuan / ton, during the period of many times touched down 48870 yuan / ton were strongly supported, closing at 48930 yuan / ton, down 170 yuan / ton, down 0.
35%.
In terms of external trading, during the Asian session, London copper opened at 6116 US dollars / ton, after the opening by the daily moving average support, a slight shock upward, after touching 6136 US dollars / ton, copper prices quickly slipped below the daily moving average, slowly oscillated downward in the afternoon, until the beginning of the European market, continued a short period of slow downward trend in the Asian market, copper prices accelerated to fall, as of 16:30, London copper reported 6058.
5 US dollars / ton
.
In terms of the market, Shanghai spot copper quotations were 48910-49130 yuan / ton, down 150 yuan / ton, for the 1901 contract, 90 yuan / ton - liter 10 yuan / ton
.
Due to the financial pressure at the end of the month and the end of the year and the problem of bills, there are few intraday market transactions, there is not much downstream demand, traders insist on prices among each other, good copper belt tickets are better sales, others are mainly without tickets, and the overall transaction has not improved
significantly.
On the news front, global trade turmoil will cool economic growth and supply is showing signs of increasing after news that Vedanta is close to allowing the restart of a 400,000-tonne-per-year copper smelter in India, putting pressure
on copper prices.
