-
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
Overnight, the main force of Shanghai copper first rose and then suppressed
.
At the end of the day, the main 2205 contract of Shanghai copper closed at 75040, up 110, or 0.
15%.
Overnight, London copper rushed back down, closing at $10,323.
5, down 0.
08%.
Driven by the shortage of domestic supply chain in the near future, overseas metals opened to test the high after the pullback, intraday fundamental support still needs attention, intraday copper has a slight rebound at the bottom, Shanghai copper may make up for the decline
.
On the macro front, the IMF lowered its global economic growth forecasts for 2022 and 2023 to 3.
6% from 4.
4%
and 3.
8%, respectively.
Affected by this, crude oil prices first fell by nearly 5%, and the dollar continued to strengthen and once broke through the 101 mark, which affected copper prices to some extent
.
On the supply side, domestic copper mine TC continues to rise, the spot market is still abundant, and TC is expected to still have upside
.
On the demand side, the operating rate of fine copper rods last week was 50.
93%, up 8.
78% month-on-month, and the current epidemic situation in Shanghai continues to be tense, and the escalation of epidemic control has led to the suspension of work and production of many downstream processing enterprises
.
Trading sentiment in Shanghai and surrounding markets has been seriously hindered, transactions have become lighter and lighter, downstream companies basically wait for the change of months before considering procurement, overall, the epidemic situation makes it difficult for demand to improve
.
In terms of stocks, LME stocks rose 08,200 tonnes to 118,800 tonnes and SHFE stocks fell 0.
07 million tonnes to 48,500 tonnes
.
On the whole, currently affected by the epidemic, the pattern of weak supply and demand is obvious, but the market sentiment is relatively obvious
.
At the same time, high inflation has benefited copper prices
.
Therefore, this operation is still mainly based on bargain hunting
.
However, it is necessary to guard against the adverse impact
of the current continued rise of the US dollar on copper prices.