Today's price
market transaction
Shaoxing Market: Copper prices rose slightly today, while brass rod prices remained stable. Among them, HPb59-1, the mainstream brand of brass rods in Shaoxing market, reported 48,200 yuan/ton, which was the same as the previous trading day; HPb57-3 reported 47,400 yuan/ton, which was the same as the previous trading day; CW617N reported 49,000 yuan/ton, which was the same as the previous trading day. The trading day was flat. Enterprise prices remain stable today, and enterprise transactions have increased compared with yesterday. The overall transaction volume this week is weak.
According to Mysteel research, a company A in Shaoxing shipped 30 tons of Hpb57-3 brass rods, with a transaction price of 47,200 yuan/ton; tax included.
raw material market
The spot transaction price of No. 1 electrolytic copper in Shanghai was 68,290 yuan/ton, down 30 yuan/ton from the previous trading day.
The price of brass in Taizhou, Zhejiang is 41,400 yuan/ton, the same as the previous trading day, and the price of H62 brass is 46,700 yuan/ton, the same as the previous trading day.
The price of large brass items in Linyi market, Shandong Province, was 42,600 yuan/ton, the same as the previous trading day; the price of brass and miscellaneous copper was 41,400 yuan/ton, the same as the previous trading day.
Downstream market
The number of copper rods purchased by downstream companies declined this week, mainly due to rising prices. Companies consumed internal raw material inventories this week. Some companies also saw their orders bottom out in the second half of the month, and their willingness to purchase is not strong.
Market outlook forecast
Macroeconomic expectations have been repeated, market sentiment has returned to rationality, the rise in copper prices has been hindered, and copper bar prices have fluctuated within a narrow range.
