-
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
Thursday's Shanghai copper main contract 2001 opened at 47090 yuan / ton in the morning, after the opening of some bulls reduced their positions, the market fell to the lowest level of the day of 46990 yuan / ton, and then the center of gravity rose slightly to around 47050 yuan / ton, until the end of noon; The center of gravity at the opening of the afternoon continued to hover around 47050 yuan / ton, near the end of the session when some bears took profits to close the position and exit, the end of the session slightly rose to 47110 yuan / ton, down 10 yuan / ton, down 0.
02%.
In terms of external trading, Apanlon copper opened at 5856 US dollars / ton, and the copper price in the Asian session basically held steady at 5850 US dollars / ton, and the short-term test was 5860 US dollars / ton
during the period.
Subsequently, entering the European market, copper prices fluctuated greatly, due to market concerns about the postponement of Sino-US negotiations, insufficient market confidence, short high entry into the market, copper prices once fell to 5815.
5 US dollars / ton
.
As of 18:00, London copper closed at $5820/ton, down 0.
53%.
In terms of the market, Shanghai copper is sorted
out along the line of 47,000 yuan / ton.
Holders once again showed a sell-in sentiment, the morning market quotation is in the premium 80 ~ liter 110 yuan / ton, but it is difficult to have a transaction, the market buying is lacking, low activity, the quotation shows a downward trend, good copper no one cares all the way down to the premium 80 yuan / ton, flat water copper is even more because of the lack of buying, few inquirers, the holder directly dropped to the premium 60 yuan / ton line, downstream to maintain just demand, wet copper followed the market all the way down from the premium 40 to the premium 10 ~ 20 yuan / ton range
.
Traders have concentrated shipments, the characteristics of oversupply are obvious, and there is room for price reduction
.
Near the end of the year, the industry conference is concentrated, some large traders this year trade long order delivery has been basically completed, the market trade atmosphere is gradually weakening, and the center of gravity is still around 47,000 yuan / ton, so that trade and downstream willingness to receive goods is seriously lacking, the pressure of the premium has fallen significantly
.
In the afternoon, as the high level of the market still inhibited market transactions, holders continued to lower their quotations to attract transactions, but due to the copper meeting, there were few market participants and the trade market was light
.
The center of gravity of Shanghai copper fell during the day, mainly because some Fed officials believe that the US economic outlook still faces high risks, coupled with the European Central Bank, the euro area economic outlook is still facing a deterioration trend, the weak growth is expected to continue longer, and global macro worries remain; Coupled with the repeated trade situation, increasing market anxiety, the center of gravity of Shanghai copper has declined
.
At present, Shanghai copper closed negative, and the upper pressure on the 20-day moving average resistance level, the upward pressure is still large
.
