Copper Plate And Strip Companies Gradually Resume Work

Copper plate and strip companies gradually resume work, and market transaction volume increases

Electrolytic copper: On February 26, the spot transaction price of electrolytic copper No. 1 in the Shanghai market was 69,005 yuan/ton, a decrease of 305 yuan/ton from the previous trading day. The mainstream price of copper in the market is 30 yuan/ton, up 0 yuan/ton, up 45 yuan/ton from the previous trading day; flat water copper is 50 yuan/ton, up 30 yuan/ton, up 40 yuan/ton from the previous trading day; wet-process copper The prices range from RMB 100 to RMB 70/ton, an increase of RMB 55/ton from the previous trading day. The market opened lower and moved lower overnight, and fluctuated lower during the day. The overall trading center of gravity shifted downwards from the previous trading day, the spot discount narrowed, and the trading center of gravity was lowered. At the opening, a few holders raised their quotations for shipments. Mainstream good copper such as Guiye and Jinchuan plate reported an increase of 30~50 yuan/ton, while flat water copper sources such as South Korea and JCC reported an increase of 0~20 yuan/ton. However, copper prices rose during the day. As prices fell, downstream consumption was restricted and transactions were limited. Therefore, cargo holders actively lowered their quotations for shipments, but transactions were still average. In the second trading session, the spot price in the market began to be quoted at a discount, and transactions were gradually completed. The spot premium and discount further dropped to a discount of 50 yuan/ton, and good copper sources such as CCC-P and ENM were also reduced to a discount of 30 yuan/ton. tons, at this time the trading volume increased relatively. Overall, although copper prices have fallen, they have failed to significantly boost spot transactions, and the discount has narrowed again compared with the previous trading day; downstream consumption still has room for recovery, and the discount is expected to continue to narrow.

Scrap copper: On February 26, the price of bright copper in the East China scrap copper market was 63,300-63,800 yuan/ton, which was basically the same as the previous trading day. The price of bright copper in the Jiangxi market is 63,300-63,800 yuan/ton; the price of bright copper in the Anhui market is 63,600 yuan/ton; the price of bright copper in the Jiangsu market is 63,600 yuan/ton. Copper prices experienced a slight correction, and the overall market trading atmosphere was good. As upstream merchants gradually resume production, market participants gradually increase. Some merchants are worried about falling prices and actively sell profitable inventory, resulting in a moderate increase in the supply of goods circulating in the market. Downstream copper plants are accelerating their resumption of work and production. Most manufacturers mainly consume the raw material inventories they reserved years ago, so procurement demand rises accordingly. When the supply of goods in the market is relatively sufficient, manufacturers increase their procurement efforts, mainly focusing on collecting supplies at affordable prices.

Zinc ingots: On February 26, the spot price of 0# ordinary electrolytic zinc in the Shanghai market had a discount of 10 yuan/ton to Shanghai Zinc 2403, and the quotation price was 20,420 yuan/ton. The quotations of ordinary domestic brands in Shanghai had a discount of 10 yuan/ton to Shanghai Zinc 2403. Ordinary The domestic spot transaction price is 20,420 yuan/ton. The quotations of domestic brands are mostly concentrated at a discount of 10 to a premium of 10 yuan/ton for Shanghai Zinc 2403. The overall trading activity in the market today is mediocre, market transactions are average, transaction volume is still weak compared to previous periods, and downstream demand for resumption of work is average. Domestic consumption is not ideal, and zinc prices have fallen slightly. The premium and discount are -10 yuan/ton. The premium and discount have dropped by 10 yuan/ton from the previous trading day. Zinc prices may maintain a volatile trend.