Henan sanheng industrial co-International copper prices rise

International copper prices rise

Apr 19,2018

On Wednesday, the Shanghai copper main contract pulled up strongly in the afternoon of 1806, setting an intraday high in the session. The trading range was 51,360-50,450 yuan/ton, and closed at 51,170 yuan/ton in late trading, up 0.69%. The current copper price was running at the moving average. At the same time, facing the suppression of the 40-day MA, the rebound should be cautious. As for the term structure, the positive spread between the Shanghai copper 1805 contract and the 1806 contract slightly expanded to 190 yuan/ton.

On the external disk, the Asian market's copper rebounded, including 3 months of LME copper reporting at 6933.5 USdollars/ton, rising by 0.88% daily. It attempted to break above the 60-day moving average and regained its willingness to climb. Its performance was slightly stronger than Shanghai copper. Positions, April 16, London copper positions of 317,000, a daily decrease of 5863 hands, LME copper to lighten up the oscillation, showing that as copper prices fell, the copper investment sentiment is still sluggish.

In terms of market, on April 17th, the spot price of Shanghai Electrolytic Copper reported 260 yuan/t to premium for the current month contract, and 330 yuan/t to premium, and the price for flat water copper was 50,840 yuan/ton to 50,960 yuan/ton. In the morning session, the market is still at the line of 50,700 yuan. The price of holders held steady at 250-290 yuan per ton in the afternoon of the previous day. It was quickly digested by traders' buying, and the holders of the stocks raised their prices by 270-300 yuan/ton. , Downstream and traders received goods in order, Pingshui copper offer premium of 280 yuan / ton. Around 11 o'clock, Pingshui Copper has been unable to dilute the supply of water below 300 yuan/ton. The daily market is dominated by the supplier. The holder holds the initiative in the quotation and the market inquiry activity increases. If the disk continues to decline in the afternoon, Shengsheng Shuihui will still Further push up.

On the macro level, the Asian dollar index in the Asian market oscillated slightly upwards, and is currently trading at around 89.6, still operating under the main moving average group. The market responded neutrally to the central bank’s announcement of a “directional downward adjustment” monetary policy response. The market focused on the U.S. crude oil inventory changes in the United States last week; the Bank of Canada announced interest rate resolutions and issued a monetary policy statement; the Federal Reserve announced the economic Beige Book. Market expects the Central Bank of Canada to hold interest rates unchanged.

Henan sanheng industrial co., LTD., founded in 2000, It is one of the top wire and cable manufacturers in China's wire and cable industry for nearly 20 years. the company has more than 5 production lines.

The production cable can be divided into more than 50 varieties and subdivided into 1000 specifications.All products have passed national certification, such as China compulsory certification, bv certification, Nigerian SONCAP certificate, China national industrial certification, etc. China national industrial production license, etc.It also has the ability to produce products that meet international standards, such as iec, ce, rohs, etc.
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