Copper solvent extraction reagent, Nickel Cobalt extractant, DEHPA & Rare earth leaching solvent

Copper disadvantaged concussion, spot trading slightly better

by:Deyuan      2020-12-23
Metal dynamic:
published on August 8 by the General Administration of Customs, China's imports of unwrought copper and copper in July of 360000 tons, in June 1. 14 million tons of imports of unwrought copper and copper.
1 - Imports of unwrought copper and copper in July of 309 tons; In the same period last year accumulative total of 259 tons, year-on-year increase of 19. 5%.

the futures market overview:
copper LME3 month after magnified first today. Early morning opened at 4789 yuan, from low to $4789 in pulse rise, shock consolidation at noon, the highest point to 4829. Fell back $5, then shocks, domestic trading period ended in 4812. Five dollars. Shanghai copper main shocks 1610 month today. Early in early out of the low shock rise, to the highest point after the reversal of weak shocks, finally closing at 37540 yuan, rising $0, or 0. 00%, 5976 to 231414 hand more holdings. Spot market overview:

Shanghai trading center (metal extraction solution today The original WuMao colored spot market) , the spot copper main clinch a deal in 37440 - in the morning 37650 yuan/ton, falling on a weekday, 25 litres in c40 - discount B170 yuan, falling on a weekday 25 yuan. Market supply slightly loose from last week today, smooth water supply of copper significantly increased, a good supply of copper is slightly better, reflect on the liter discount for copper fell, premium traders shipment to give priority to. Sell good copper smelter small amounts. Weak downstream demand, but due to the decline in copper prices, manufacturers the dips procurement, on-demand is given priority to, the overall trading situation improvement from last week. Good afternoon liter discount is slightly lower in the morning, copper in b120 - B140 yuan, the past decade the b20 - brass B40 yuan, wet the c60 - copper C50 yuan. Extract solution according to Shanghai metal trading center survey, most traders fall view, a small number of traders take shock view.

center point:
announced Friday's non-farm payrolls in July 25. 50000 people, significantly better than expected, according to steady growth in the job market, the dollar rose, U. S. stocks hit a record high. But the dollar's rise to the negative impact of commodity is lighter, the UK, Europe, Japan's big three central sustained release liquidity to the role of commodity price increase is still relatively strong. Although the non-agricultural data performance is good, but loose, crude oil prices in the global range, and America's industrial production growth continued to slow, following the fed to raise interest rates is expected to power is not strong, the future of commodity prices downward pressure or smaller. Spot aspect, rised after last week's good copper, good start this week's copper supply a slight increase in premium synchronization is reduced, the downstream procurement also increases with the copper prices fell slightly. Technical, day K line below the rail, in among the 40 - day moving average support, short-term is expected to maintain weaker shocks, the interval 37000 - 38000.
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