1、 Trend analysis

As shown in the figure above, copper prices rose slightly on the 2nd, with the spot price of 71541.67 yuan / ton, up 0.97% from the previous day and 7.3% from the beginning of the year.

The surge in oil prices boosted the market, with copper closing up 2.24% overnight; The interference of non-ferrous metal supply continues to intensify, and market concerns promote the collective popularity of non-ferrous metals, superimposing the domestic economy to maintain elasticity. The TC of copper concentrate is rising steadily and the supply at the mine end is abundant. The output of electrolytic copper decreased due to maintenance in January and gradually repaired in February. High profits and less production restrictions will promote the output of electrolytic copper to continue to rise. Copper supply and demand showed a recovery trend as a whole. The change of domestic inventory was in line with the seasonal law, and the fundamental contradiction was not prominent. The recent macroeconomic and political situation may become the leading factor affecting copper. Copper prices are expected to remain broadly volatile as a whole.

Trade name: acetic acid

Latest price (March 1): 4292 yuan / ton

Key points of analysis: the price of acetic acid continued to decline today. The average market price in East China decreased by 1.38% in a single day. The price of acetic acid in domestic areas decreased again, with a decline range of about 50-100 yuan / ton, and the weakness of the market slowed down. The operating rate of acetic acid industry is on the high side, the enterprise inventory is accumulated, the market supply is sufficient, the downstream demand is weak, the atmosphere of new order transaction in the market is light, and the acetic acid enterprises maintain the reduction of shipment quotation.

Future forecast: the short-term acetic acid market is weak, and the specific attention is paid to the market supply.

Trade name: acetic acid

Latest price (February 28): 4352 yuan / ton

Key points of analysis: today, the price of acetic acid decreased weakly, the average market price in East China decreased by 1.58% in a single day, and the price of acetic acid in domestic areas decreased synchronously, with a decline range of about 100-200 yuan / ton. The market situation was obviously weak. At present, the operating rate of acetic acid is high, the operation of enterprises is stable, the market supply is sufficient, the downstream demand continues to be weak, mainly digesting the early orders, the atmosphere of new orders in the market is light, the inventory of acetic acid enterprises is accumulated, the situation of oversupply is difficult to improve in a short time, and the competitive shipping quotation of acetic acid enterprises is reduced.

Future forecast: the short-term acetic acid market is weak, and the specific attention is paid to the market supply.