1、 Price trend

The domestic PS market continued to decline slightly, with a range of 20-50 yuan / ton. The lack of good news on the periphery, combined with the light market inquiry, the majority of the cargo holders reduced their prices, and the focus of bulk cargo negotiation continued to decline, with less transactions. According to statistics, the market in East China received 9200-13600 yuan / ton of benzene and 16000 yuan / ton of modified benzene.

2、 Market analysis

The ex factory price of Zhanjiang Sino US PS is 9700 yuan / T. The ex factory price of CITIC Guoan PS is 9200 yuan / T. The market high level shipment is not smooth, some may still have the price reduction shipment. But some brands have been hung upside down.

3、 Future forecast

Short term PS market or continue to weaken. Raw material styrene weakness, coupled with the market high-level shipping is not smooth, some still have the possibility of price reduction shipment. It is estimated that the market in East China will receive 9100-13500 yuan / ton of benzene.

According to the data monitored by the business agency, at the beginning of this week, the average ex factory tax inclusive price of domestic light potassium carbonate was 6375.00 yuan / ton. At the weekend, the average price of domestic light potassium carbonate was 6400.00 yuan / ton, an increase of 0.39%. The current price was 4.07% higher than that of last year, and the current price was 0.79% higher than that of last year.

This week, the domestic potash market rose slightly, the supply was tight, the regional inventory was at a low level, the downstream factories took more goods on demand, and the potassium carbonate manufacturers were more positive, and the price rose. According to the statistics of the business agency: this week, the mainstream factory quotation range of industrial grade potassium carbonate in China is about 6000-6700 yuan / ton (the quotation is for reference only), and the quotation is different according to the purchase situation.

Recently, Anhui Badou Chemical Co., Ltd. quoted 2300 yuan / ton for potassium chloride distribution, which was temporarily stable, and the actual transaction price was mainly negotiated. The potassium chloride equipment of Qinghai Salt Lake Potash Fertilizer Co., Ltd. operates normally. The ex factory quotation is 2020 yuan / T, which is stable temporarily. The actual transaction price is mainly negotiated. Potassium chloride market stability, high price consolidation, can give potassium carbonate a certain cost support.

The potassium carbonate analysts of the business club believe that the domestic potassium production situation in the near future is OK, and the supply of goods is concentrated in large traders. In the middle of the week, the shipment is tight. It is expected that the price of potassium carbonate will rise slightly in the short term, and the long-term market still needs to wait and see. (the above prices are provided by major potassium nitrate manufacturers all over the country and analyzed by potassium carbonate analysts of business club for reference only. Please contact relevant manufacturers for more price details.).

According to the monitoring data of the business agency, as of December 18, the average ex factory price of domestic n-butanol was 9666 yuan / ton, which was increased by 850 yuan / ton or 9.64% compared with the price on December 13; compared with the reference price of 9100 yuan / ton on December 1, the average price of domestic n-butanol increased by 566 yuan / ton, or 6.23%.

N-butanol rose 9.64% in the week due to increased demand and tight supply

This week, due to the impact of emergency repair and shutdown of foreign n-butanol production plants, exports increased, domestic demand for n-butanol increased, and the market of n-butanol broke the downturn of last week. From Monday, the price of n-butanol plants continued to rise, with a one-day increase of 100-300 yuan / ton. At the weekend, the market center of n-butanol market continued to move up. At present, the downstream industry stock is not much, just need to purchase, the atmosphere is good. In Shandong Province, n-butanol spot is tight, and the business mentality is strong. On December 18, Luxi Chemical Co., Ltd. offered 9900 yuan / ton of n-butanol, with an increase of 700 yuan / ton during the week. Shandong lihuayi n-butanol factory offer 9500 yuan / ton, increased 500 yuan / ton within the week. Wanhua Chemical Co., Ltd. produced 9600 yuan / ton of n-butanol from North China, with an increase of 600 yuan / ton within the week.

On the upstream side, on December 17, the propylene market prices in Shandong Province declined individually. According to the price chart of business agency, the price of propylene rose continuously in late November, increasing by more than 12%. From the end of the month to the beginning of the month, the price was stable again. On the 4th, the price rose by about 450 yuan / ton from the 3rd to the 8th, up by 5.90%. On the 9th, the price was fully stable. On the 10th, some enterprises made up for the increase, and some of them fell slightly. On the 11th, the price began to decline twice, and the decline continued on the weekend. On the 14th, the price dropped 200-250 yuan / T. on the 15th, the price was mainly stable, and most of them remained stable in the later period Some enterprises have declined slightly, and some of them have dropped slightly today. The transaction volume in the market is between 7880 and 8150 yuan / ton, and the mainstream price is still around 7900 yuan / ton. Now the factory inventory pressure slightly increased, the shipment situation is ordinary.

In terms of crude oil, on December 17, the price of WTI crude oil futures market in the United States rose, with the settlement price of main contracts at $48.54/barrel, up $0.72. Brent crude oil futures market prices rose, with the settlement price of main contracts at $51.50/barrel, up $0.42. Oil prices continued to climb on Thursday and are now at a nine month high after EIA data showed a decline in US crude oil stockpiles, progress in the US fiscal stimulus plan and strong Asian demand boosted the market.

Purchasing atmosphere is good, inventory is low, it is expected that n-butanol will be strong in the future

At present, the downstream purchasing atmosphere of n-butanol market is good, the confidence of the industry is relatively sufficient, and the overall inventory of n-butanol factory is low. Therefore, the n-butanol data analyst of the business society predicts that the market of n-butanol in the short term will be high and strong.

1、 Price trend

2、 Market analysis

According to the data of the business agency, the market of potassium sulfate in Hebei is stable this week, and the output of Mannheim potassium sulfate is about 2600 yuan / ton, and that of 50% granules and 52% water-soluble powder is about 2725 yuan / ton. The supply and sales of potash in Xinjiang SDIC are normal, with 52% powder arriving at the station price of 2740 yuan / ton; the arrival price of 50% powder in Qinghai water salt system is about 2550 yuan / ton, which is basically the same as last week. Mannheim potassium sulfate factory: 50% powder about 2650; 50% particles 2700-2750; 52% water soluble powder about 2750. The potassium sulfate market runs smoothly and the overall inventory pressure is small. At present, the operation situation of potassium sulfate manufacturers in the water salt system is as good as that of Mannheim industry. Generally speaking, the supply and demand of potassium sulfate Market is gradually balancing, and the price is mainly stable for the time being. Although the high price is not good for sales, it is difficult to find the source of goods at low price. Most manufacturers have orders to be issued, so there is no pressure on sales and inventory.

3、 Future forecast

Business Club potassium sulfate analysts believe: at present, the potassium sulfate Market is going well, the inventory pressure is small, the upstream potassium chloride market support, is expected to be high consolidation in the short term.

1、 Price trend

According to the data monitored by the business agency (the average ex factory price of calcium carbide method SG5), on December 18, the mainstream average price of PVC in China was 8500 yuan / ton, down 0.44% from the beginning of the week, up 8.11% month on month, and 21.3% higher than the same period last year.

2、 Market analysis

This week, PVC market began to cool down, prices fell, the focus began to move down. The weakening of futures prices this week led to market sentiment, and the spot market fell accordingly, but the range was not large. The early part of the week, the spot market showed strong performance, and the market showed a mixed situation of ups and downs. In the middle and late part of the week, the futures price continued to decline, and the spot market generally declined. Near the weekend, the decline of futures price slowed down, and the spot market continued to decline. The enterprise’s price reduction rate was 50-350 yuan within the week/ The market price is mainly around 8500 yuan / ton, which is still at a high level. There are not many low-cost goods, and most manufacturers mainly sell them in advance. At present, the supply of goods in the spot market continues to be tight, and the price of raw materials calcium carbide is rising. However, in the early stage, the high price of PVC has caused strong resistance in the downstream, sharp decrease in profits, lack of purchasing intention, and rigid demand. As the temperature drops, the demand side also cools down, and the operating rate of product enterprises declines, the demand for profiles and pipes gradually decreases, and the large orders are few, and the support force of demand side is gradually weakened On the whole, the supply side and cost side are still in force, but due to the weakening of futures prices and the decline of the support force on the demand side, PVC may be stable and downward.

In terms of spot goods, the mainstream quotation range of domestic pvc5 carbide is mostly around 8350-8750 yuan / ton. The main stream of pvc5 carbide in East China is around 8500-8550 yuan / ton, while that in Hebei is 8250-8320 yuan / ton. The price of Inner Mongolia is 8030-8100 yuan / ton. The range of pvc5 type tourmaline in Hangzhou is 8380-8550 yuan / ton, and that in Changzhou is 8400-8550 yuan / ton, and that in Guangzhou is 8500-8750 yuan / ton The market quotation has been reduced to varying degrees.

Futures, PVC futures prices continue to decline recently, driving the trend of the spot market. On the 17th, the main PVC futures contract v2101 opened at 7705 yuan / ton and closed at 7675 yuan / ton, down 0.84%. The previous day’s settlement price was 7740 yuan, and the trading range was 7550-7710 yuan / ton. 175000 hands were completed, and the position was reduced by 13400 hands to 93700 hands.

Regional variety and technology December 18

Changzhou PVC calcium carbide method 8400-8550 yuan / ton

Guangzhou PVC calcium carbide process 8500-8750 yuan / ton

Hebei PVC calcium carbide method 8250-8320 yuan / ton

Hangzhou PVC calcium carbide process 8380-8550 yuan / ton

Upstream crude oil, on December 17, the US WTI crude oil futures market price rose, and the settlement price of the main contract was $48.54/barrel, up $0.72. Brent crude oil futures market prices rose, with the settlement price of main contracts at $51.50/barrel, up $0.42. Oil prices continued to climb on Thursday and are now at a nine month high after EIA data showed a decline in US crude oil stockpiles, progress in the US fiscal stimulus plan and strong Asian demand boosted the market.

Ethylene, the recent external ethylene market is on the rise. Asian ethylene market prices rose slightly. As of the 17th, CFR Northeast Asia quoted 985-995 US dollars / ton, up 20 dollars / ton; CFR Southeast Asia quoted 925-935 dollars / ton, up 20 dollars / ton. The price of ethylene market in Europe increased greatly. As of the 17th, the price quoted by FD in northwest Europe was 983-998 US dollars / ton, up by 6 dollars / ton. CIF northwest Europe quoted prices of 1004-1016 dollars / ton, up 12 dollars / ton. FD US Gulf offers us $683-694 / T. in recent years, the US ethylene market has been stable, and the recent European and American ethylene market has shown an upward trend. Generally speaking, the overall ethylene market demand has improved, the market trading atmosphere is warm, and the market continues to rise.

As of the 18th, the reference price of calcium carbide was 4050-4300 yuan / ton, up 13.57% from the beginning of the month. In the first ten days of December, calcium carbide market fluctuated slightly and rose mainly. The price of raw materials in the upstream rose slightly, which supported the price of calcium carbide better. The downstream PVC market rose sharply, and the downstream customers had a good enthusiasm for purchasing calcium carbide. Later, it is predicted that the price of calcium carbide in Northwest China will rise slightly in mid and early December.

3、 Future forecast

PVC analysts of the business club believe that the supply side and cost are still at present. With the continuous decline of futures prices, the trend of the spot market will also be affected. In addition, the cold weather, reduced demand, and strong resistance to high price PVC in the downstream are strong. It is expected that the trend of PVC in the short term will stabilize and the price will gradually fall.

The year 2020 will be a special year, and the rubber and plastic industry is no exception. As a representative rubber and plastic product with large output and strong demand, the challenges and opportunities in this year’s market naturally attract attention from both inside and outside the industry. According to the monitoring data of business agency, in 2020, the domestic ABS market will first restrain and then rise, and the price will increase by 24% at the end of the year compared with the beginning of the year. Several inflection point market point full load, the business agency takes you one by one inventory and analysis.

Cause analysis

In the first quarter, just at the beginning of the epidemic, the shutdown had a wide impact on the industrial chain. ABS upstream three material market is all depressed, styrene market is affected by the bad news of crude oil chemical industry, domestic styrene price fell accordingly, and directly reflected in the end of the quarter, the weak trend of cost side, dragging down the price of styrene. Foreign panic increased, external market prices fell sharply. The regional price gap is widening, there is room for arbitrage, and there are some hedging operations in China, which aggravates the pressure on the basis of weak market conditions. Acrylonitrile was also affected by the negative news of crude oil chemical industry, and there were new production capacity after the resumption of work, with obvious negative effects in the field. There is a situation of load drop and demand shrinkage in the downstream. Butadiene market also had a big decline, the market lack of new orders to follow up. The spot supply of external disk and tank farm is abundant, and even some enterprises’ products are exported. The high inventory of rubber industry, the high inventory of synthetic rubber industry at the middle end of the industrial chain is under pressure, and the spread of low-price transaction news in the domestic market has dragged down the overall butadiene market. Upstream overall negative ABS cost side, after the Spring Festival holiday, spot prices opened a downward channel. Market bearish factors dominated, and the peripheral news is short, ABS fell all the way to the end of March.

One belt and one helmet

The turning point of the market appeared in April, and the effectiveness of epidemic prevention LED production and life. Although the upstream three material support ambiguous cost, but somehow has stopped falling and stabilized. ABS returns to normal law of supply and demand price, but downstream factories still have considerable inventory to digest. What broke the deadlock was the “helmet fever” that began at the end of April. The security guard action of “one helmet and one belt” deployed by the traffic control bureau of the Ministry of public security has activated the potential consumption of helmets. The prices of helmets on e-commerce platforms have doubled, and the prices of some businesses have even increased by 500%, accompanied by the phenomenon of being reluctant to sell them. According to the survey by ABS Data Engineer of business club, there may be more than 200 million helmets in the society at that time, and the market scale is close to 10 billion. Netizens jokingly call helmets the inheritors of “meltblown cloth phenomenon”. ABS, as the main material of helmet outer layer, has a rapid growth. In May, the operating rate of ABS petrochemical plant in China was almost full load operation, and the industry operating rate was nearly 98%. For a time, the atmosphere of speculation rose everywhere, and the spot price rose by more than one third. It was not until June and July that the ABS rally slowed down, but it did not mean that the market was out of the blue. Business agencies believe that the continued supply shortage pattern in the second half of the year is inseparable from the outbreak of ABS demand in the second quarter.

In August, after more than a month of consolidation of the market, ABS spot shortage pattern not only did not improve, but intensified. In addition, the rebound of overseas epidemic situation led to the decrease of import goods arrival in Hong Kong, and the production of some polymerization plants was hindered by extreme weather. Although the operating rate of ABS petrochemical plant in China remains at a high level, the supply situation is tightened by multiple factors. So that the low inventory of ABS more and more supply, market prices rose. The resistance of merchants to ship is reduced, and the low price order is reduced. And the strong market into the traditional peak season, “gold nine silver ten.”.

Extended season

This year’s traditional peak season performance can be described as standard and satisfactory. Before the double festival, there was a tide of goods preparation, and after the festival, the downstream goods were still more active. Terminal demand, ABS peak season is very prosperous. In particular, the consumption of major domestic appliance enterprises and the automobile industry has remained at a high level, aggravating the tense situation of market supply. Although the lower reaches are resistant to high price goods, the demand side is stable, and the “golden nine silver ten” in 2020 can also be upgraded to an extended version. With the long-term rise of ABS, the cost pressure of downstream factories gradually increases at the end of the year. At present, the downstream purchasing operation is more resistant to high price goods. Business offers steady but the situation of the decline is frequent, the price center of gravity height is cut alternately by the clear and the dark.

Year end overview

ABS analyst of business agency thinks: in 2020, ABS can increase so much under the increasingly fierce competition of domestic polymerization plants. Of course, the main force is not the demand side. Whether it is the demand of “helmet fever” or the steady consumption of household appliances, automobiles and other industries, all reflect the mutual achievements of ABS industry chain, and the positive development of ABS and even rubber and plastic industry in China in 2020. The business agency thinks that the ABS industry is developing well this year and the market can be expected in 2021.

1、 Price trend

Recently, the LNG market has risen sharply, which has reached more than 7000 yuan / ton. According to the data of business agency, the average price of domestic LNG was 5366 yuan / ton on December 11, 31.75% higher than that at the beginning of the month, 52.9% month on month, and 29.32% higher than the same period last year.

2、 Analysis of influencing factors

The price of liquefied natural gas (LNG) in China has risen by 30% in half a month. Shaanxi, Shanxi, Henan and other places have already risen to more than 7000 yuan / ton. On the 14th, the daily rise rate reached more than 1000 yuan. It can be said that it is crazy. Most liquid plants have no quotation for the time being, limited delivery, market quotation is chaotic, and most transactions are mainly through negotiation. With the sudden drop of temperature, the demand for urban gas has increased significantly. In order to ensure the people’s livelihood, there are many gas limiting and stopping production enterprises this week. The overall operating rate of the market is less than 30%. The supply has been greatly tightened, and the contradiction between supply and demand has intensified, so that the liquid price has risen sharply. In order to maintain market order, Shaanxi took the lead in reducing the price by 1000 yuan on the 15th. However, the contradiction between supply and demand is difficult to change in a short period of time. The price of liquefied natural gas is still at a high level and the trend is strong.

Data show that natural gas continues to maintain a rapid growth. The import of natural gas has changed from increase to decrease. In November, the production of natural gas was 16.9 billion cubic meters, an increase of 11.8% year-on-year, 0.1% lower than that of the previous month; the daily output of natural gas was 560 million cubic meters, an increase of 30 million cubic meters on a month on month basis. From January to November, 170.2 billion cubic meters of natural gas were produced, with a year-on-year increase of 9.3%. In November, 9.18 million tons of natural gas were imported, a year-on-year decrease of 3.0% and an increase of 16.1% last month. From January to November, 90.44 million tons of natural gas were imported, up 3.9% year on year.

According to the data monitoring of the business agency, as of December 17, the price has increased significantly compared with the beginning of the month. The average price in Inner Mongolia is around 6850 yuan / ton, which is about 2700 yuan / ton higher than that at the beginning of the month. The average price in Shaanxi is around 7500 yuan / ton, which is about 2950 yuan / ton. The average price in Shanxi is around 7350 yuan / ton, which is 2800 yuan / ton. In Ningxia, the average price is about 2850 yuan / ton In Henan Province, the average price was around 3200 yuan / ton, and the liquid price increased significantly.

Regional specification quotation (yuan / ton) date

Inner Mongolia LNG 4950-6990 December 17

Shaanxi LNG 6850-7500 December 17

Hebei LNG 6000-6300 December 17

Shanxi LNG 6750-7370 December 17

Henan LNG 7200-7700 December 17

For downstream methanol, the domestic methanol market has continued to rise in recent years, and some manufacturers have increased their ex factory quotations by about 50-80 yuan / ton. According to the monitoring data of business agency, as of December 15, the average price of methanol producers in Shandong was 2210 yuan / ton, with the price rising by 4.12% on a month on month basis and 4.25% on a year-on-year basis. Business community methanol analysts predict that the short-term domestic methanol market behavior.

On the one hand, the prices in Shandong and Hebei have remained firm for some time, and the supply pressure is not great. On the other hand, some orders from Northeast China may be accepted in the future, and the ammonia quantity in the region may decline, which may lead to an upward price.

Urea market in Shandong Province fluctuated in the first ten days of December. According to urea analysts of the business club, the current agricultural demand has been followed up, and the downstream industry has a fair enthusiasm for urea procurement, and the industrial demand is purchased on demand. It is expected that the short-term urea market will fluctuate slightly.

As of December 16, the average price of dichloromethane in Shandong was about 3610 yuan / ton, up 7.12% compared with the beginning of the month and 16.45% higher than the same period of last month. At present, the overall supply of the industry is limited. With the decline of liquid chlorine price, enterprises in Shandong may start to recover, while the downstream market just needs to be flat. It is expected that the price of dichloromethane will be stable and firm in a short time. Pay attention to the changes of liquid chlorine price of raw materials.

3、 Future forecast

With the sharp decline in the supply and demand of natural gas, analysts believe that the supply and demand of liquefied gas in the city is still strong, and the supply and demand of natural gas is still strong.

According to the statistics of business agency, as of December 16, DTY of nylon filament in Jiangsu was 16766 yuan / ton, which was 500 yuan / ton higher than the price at the beginning of the month, 3.07% or 0.40% higher than that at the beginning of the month; the price of nylon POY was 14320 yuan / ton, up 560 yuan / ton, up 4.07%, down 0.28%; the price of nylon FDY was 17700 yuan / ton, down 1.92% year-on-year.

Boosted by the good news of the new crown vaccine, the market placed expectations on a rebound in fuel demand. At the same time, the news of oil well attack in Iraq kept the crude oil price on a strong trend. As of December 15, WTI crude oil price settlement price was 47.62 USD / barrel, 6.89% higher than the price at the beginning of December. In December, cyclohexanone delivery was significantly hindered, and the crude oil prices of cyclohexanone rose in a strong way. The operating rate of caprolactam is still not high, while the operating rate of PA6 is still acceptable, and the supply of caprolactam is tight. Last week, Sinopec’s high-end caprolactam price was raised by 300 yuan / ton to 11500 yuan / ton. At present, PA6 is at a high level. Downstream factories are against high price goods. Replenishment operation is cautious and tends to operate stably.

The price of nylon filament is generally raised. On the one hand, textile orders have picked up. The fundamental reason is that the price of raw materials is firm, the cost remains high, and there is a possibility of strong operation in the short term. The price increases range from 300 to 800 yuan / ton. Considering the tight supply of caprolactam and the price of PA6 does not decrease, the price of nylon has been shifted upward. It is worth noting that near the end of the year, the demand of textile enterprises to replenish the stock market has some support. Under the premise of stabilizing the raw material end, nylon market is easy to rise but difficult to fall.

Business agency analysts believe that crude oil prices remain high, caprolactam operating rate is not high, tight supply. Raw material prices remain firm, and trade consumption is expected to pick up, and nylon is expected to run in a stable and strong position.

1、 Price trend of lithium hydroxide

(Figure: P value curve of lithium hydroxide products source: Commodity analysis system of Business Club)

2、 Market analysis

This week, the market of industrial grade lithium hydroxide was stable. Compared with the domestic hydrogen oxide industry, the average price of hydrogen oxide fell to 88.00 yuan in the first 12 months, which was the same as that of domestic enterprises.

In recent years, the upstream lithium carbonate market has risen, the cost support has risen, the downstream high nickel demand has steadily increased, which has driven the market inventory digestion, and the new investment enterprises have gradually increased the volume, the market capacity is sufficient, and the market is stable. At present, the quotation of Shanghai Yulun industrial industrial grade lithium hydroxide is 53000 yuan / ton; Zigong tongfarong industrial industrial grade lithium hydroxide is 53000 yuan / ton; Shanghai oujin industrial industrial industrial grade lithium hydroxide is 50000 yuan / ton, and anhydrous lithium hydroxide is 99000 yuan / ton. The specific delivery price is discussed in a single way.

The upstream lithium carbonate, according to the data monitoring of the business agency: this week (12.7-12.11), the price of lithium carbonate continued to rise. In recent days, the price of industrial carbon and electric carbon have increased and fluctuated by 1000 yuan / ton. On December 11, the average price of industrial grade lithium carbonate in East China was 45600 yuan / ton, up 1.79% compared with the beginning of the week. On December 1, the average price of battery grade lithium carbonate in East China was 48700 yuan / ton, up 0.83% compared with the beginning of the week.

On December 13, the commodity price index of lithium carbonate and lithium hydroxide was 91.54, which was the same as yesterday, reaching a record high in the cycle, up 23.22% from the lowest point of 74.29 on September 20, 2020. (Note: the period refers to January 1, 2013 to now)

According to the price monitoring of business agency, in the 49 th week (12.7-12.11) of 2020, there were 36 kinds of commodities in the chemical industry sector, among which 5 kinds of commodities increased by more than 5%, accounting for 5.4% of the total number of commodities monitored in this plate; the top three commodities were acetic acid (14.06%), nitric acid (13.16%) and maleic anhydride (10.45%). There were 22 kinds of commodities with a decrease of more than 5%, accounting for 3.3% of the monitored commodities in this sector; the top three products were phthalic anhydride (- 6.82%), styrene (- 6.40%), propylene glycol (- 5.33%). This week, the average rise and fall was 0.63%.

3、 Future forecast

Lithium hydroxide analysts from the business club believe that the recent upward trend in the price of lithium carbonate in the upstream and the increase in downstream demand have a certain support for the price of lithium hydroxide, but the market supply is sufficient to contain it. It is expected that the industrial grade lithium hydroxide Market will be stable in the short term, and more attention should be paid to market information guidance.

1、 Trend analysis

On the 14th, the spot copper price was 57950 yuan / ton, down 0.47% from the previous day, 18.18% higher than the beginning of the year, and 18.09% higher than that of the previous day. Today, LME3 copper rose in the early trading, and the Asian market closed at $7800, up 0.35%. The main trend of copper in Shanghai was weak today, with the lowest closing at 57220 yuan and the last closing at 57850 yuan, down 0.52%.

As the prospect of brexit without an agreement has hit the market sentiment, the US stimulus plan negotiation is deadlocked again, the smelter has the possibility of year-end momentum, and the tight situation of scrap copper will gradually ease, and the trend of copper price is weak today. In terms of inventory, the domestic social inventory fell by 8000 tons last week, and the inventory in the previous period decreased by 16000 tons to 82000 tons, and the inventory in China’s bonded area decreased slightly by 2000 tons. London Metal Exchange (LME) on December 11, London copper’s latest inventory of 146325 tons, a decrease of 1500 tons, or 1.01%, from the previous trading day. At present, although the domestic electrolytic copper production has increased significantly, the demand is still improved, and the depolarization will continue. It is expected that the copper price will continue to fall, and there is little room for copper price to continue to fall.