Price: According to news on November 16, the price of copper strip in the domestic market yesterday increased by 170 yuan/ton, and the price of brass strip increased by 80 yuan/ton. The quoted price of T2 copper strip was 71250-72250 yuan/ton, and the price of H62 brass strip was 71250-72250 yuan/ton. The offer price is 52,790-54,590 yuan/ton.
Transaction: Yesterday, an A copper plate and strip enterprise in Henan stated that the trading performance in the copper plate and strip market was relatively cold. The rebound in copper prices has significantly affected the market sentiment for receiving goods. The overall market enthusiasm for purchasing goods has declined significantly. Large downstream enterprises have a strong wait-and-see attitude and do not purchase much; A B copper plate and strip company in Jiangxi stated that the market transaction performance was poor. Due to the strong copper price trend, the market terminals were not willing to receive goods and remained on the sidelines. The transactions were mainly for rigid demand purchases, with approximately 36 tons of transactions, a month-on-month decrease from the previous trading day; Zhejiang A C copper plate and strip company said that the rising copper price has aggravated the market's wait-and-see mood. The market currently lacks eye-catching order growth points. It is expected that most of the short-term copper plate and strip market will be dominated by just-in-time transactions, and most purchases will be made when copper prices fall back.
Forecast: Copper prices continued to rise yesterday. The rebound in copper prices has significantly affected the market sentiment for receiving goods. The overall market enthusiasm for purchasing goods has declined significantly. Large downstream enterprises have a strong wait-and-see sentiment. They only purchase the amount to maintain normal production every day. The spot price of copper strips is expected today. It may fluctuate downward.
