Copper Pipe Prices Continue To Fall, Market Demand Is Limited

Copper pipe prices continue to fall, market demand is limited

【Market Transaction】

Jiangsu region: The market price of φ6.35*0.8mm smooth coiled pipe in Changshu region is 71,800-72,300 yuan/ton including tax, which is 300 yuan/ton lower than the previous trading day. The copper pipe market has seen a regional increase in construction starts, with a small number of devices operating at low load. Customers reported that downstream demand has not fully recovered, and inquiries are still the main focus, with a light transaction atmosphere.

Zhejiang area: The quoted price of φ6.35*0.8mm in Ningbo area is 72,000-72,200 yuan/ton including tax, which is 300 yuan/ton lower than the previous trading day. ; The quoted price of φ22.2*1.2mm is 73,500-73,700 yuan/ton including tax, which is 400 yuan/ton lower than the previous trading day. Judging from the downstream demand situation, the main factories in the air-conditioning market have started operations smoothly, but small and medium-sized factories have been deserted in receiving orders and have insufficient consumption of raw materials. Enterprises maintain quantitative purchases of raw materials, and the overall consumption performance is average.

【Market Summary】

Copper pipe manufacturers have followed the decline in copper prices. Some manufacturers receive a small number of orders before and after the Spring Festival. During the Spring Festival, due to constraints on logistics and transportation and other factors, there is a certain amount of inventory in the factory, so now most of the shipments are based on early orders.

【Raw material market】

The spot transaction price of #1 electrolytic copper in the Shanghai market was 68,700 yuan/ton, a decrease of 305 yuan/ton from the previous trading day. The mainstream price of copper in the market is 30~20 yuan/ton, down 10 yuan/ton from the previous trading day; flat water copper is 60~30 yuan/ton, down 5 yuan/ton from the previous trading day; wet process copper The prices range from RMB 100 to RMB 90/ton, which is RMB 10/ton lower than the previous trading day.

【Tomorrow's prediction】

Production companies mainly execute contract orders, and traders are generally in a mood to enter the market to receive goods. It is expected that copper pipe prices will maintain a range-bound pattern tomorrow, with limited room for price upside.
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