Gnee Steel (Tianjin) Co., Ltd.

Copper Pipe Prices Fall With Varying Downstream Demand

Nov 29, 2023

【Market Transaction】

Shandong area: The market price of φ6.35*0.8mm smooth coiled pipe in Qingdao area is 71,600-72,000 yuan/ton, including tax. The market price of φ22.2*1.2mm smooth coiled pipe is 73,400-73,800 yuan/ton, including tax. Self-pickup; down 200-300 yuan/ton from the previous trading day. Qingdao manufacturer A is delivering goods normally. The quoted price of φ6.35*0.8mm smooth coiled pipe is 71,800 yuan/ton including tax. The manufacturer said that old customers mainly take orders, while new orders are limited and downstream demand varies.

Jiangsu region: The Changshu area's φ6.35*0.8mm smooth coiled pipe market price is 71,500-71,700 yuan/ton, including tax. It is 300 yuan/ton lower than the previous trading day. Enterprises mainly supply long-term orders. The market The mentality is still supported. Changzhou manufacturer A is delivering goods normally. The quoted price of φ6.35*0.8mm smooth coiled pipe is 71,600 yuan/ton including tax. The manufacturer said that the cost is still high and the downstream supply is mainly for replenishment.

【Market Summary】

Copper pipe prices followed the decline today, and the bulk order market has a strong wait-and-see atmosphere. However, customers with long-term orders continue to purchase goods. The performance of small enterprises is mediocre, and downstream customers are not active in purchasing goods.

【Raw material market】

The spot transaction price of No. 1 electrolytic copper in the Shanghai market was 68,495 yuan/ton, a decrease of 305 yuan/ton from the previous trading day. The mainstream market quotation of good copper rose by 430 to 450 yuan/ton, down 100 yuan/ton from the previous trading day; flat water copper rose from 400 to 430 yuan/ton, down by 100 yuan/ton from the previous trading day; wet copper RMB 340~RMB 360/ton, down RMB 70/ton from the previous trading day.

【Tomorrow's prediction】

At present, there is instability in the copper tube market. Manufacturers mainly supply long orders. Downstream companies flexibly purchase according to their own conditions. In addition, the price of copper tubes has fallen slightly. The mentality of buying up rather than buying down has suppressed the actual market demand. It is expected that the copper tube market will be high tomorrow. Shock.

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