-
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
Shanghai copper rushed back down
this week.
The weekly average settlement price of the current month contract was 52,058 tons/ton, down 68 yuan/ton per day; The average price of the previous week was 51948 yuan / ton, up 0.
21%
from the previous month.
This week, London copper fluctuated
highs.
The average price of LME copper in the first four trading days was 6723.
5 US dollars / ton, down 36.
75 US dollars / ton per day; Last week's average price was 6683.
5 US dollars / ton, up 0.
60%
from the previous month.
China's industrial production continued to improve in August, market demand continued to recover, and export data performed brightly; The US non-farm payrolls data for August exceeded expectations, but jobless claims remained high last week, and the labor market recovery showed weakness; Eurozone GDP fell less than expected in the second quarter, but employment fell more than expected
.
Recent concerns surrounding Brexit have hit market sentiment, pressure on Sino-US relations persists, and the macro environment is neutral.
According to data from the General Administration of Customs, from January to August, imports of unwrought copper and copper products increased by 38.
1% year-on-year; Imports of copper ore and its concentrates decreased by 1.
3%
year-on-year.
LME inventories are recently at their lowest level since 2005, but domestic bonded zone inventories are still accumulating, electrolytic copper production is gradually recovering, there is no obvious signal in the consumption season, the market is divided on peak season demand, and copper prices are under pressure
.
In terms of the market, in the week of September 11, domestic spot copper prices soared and fell
.
The average price of Yangtze River nonferrous metal net 1# copper was 52198 yuan / ton, up 10 yuan / ton per day, down 0.
09% on a weekly basis; The average price of the previous week was 51986 yuan / ton, up 212 yuan / ton compared with last week, up 0.
41%
from the previous week.
In terms of stocks, London copper stocks are still falling this week, with a cumulative decrease of 6,900 metric tons to 75,550 metric tons, a cumulative decrease of 8.
37%.
Shanghai copper inventories fell slightly this week, down 78 tonnes to 176795 tonnes, down 0.
04%.
China's macro data is stable, and market demand continues to recover
.
The recent market focus is mainly on peak season demand, the current demand has no obvious signs of recovery, institutional research said that the cable peak season is difficult to fulfill, the third quarter orders turned weak, home appliances, automobiles and other terminal industries are still in the repair stage, but the current global explicit inventory is overall at a low level, copper prices are expected to continue to fluctuate
next week.