Copper rod prices temporarily stabilize, shipments increase slightly
Shaoxing Market: Copper prices fluctuated less today, and copper bar prices remained stable. Among them, HPb59-1, the mainstream brand of brass rods in Shaoxing market, reported 49,700 yuan/ton, which was the same as the previous trading day; HPb57-3 reported 48,500 yuan/ton, which was the same as the previous trading day; CW617N reported 50,600 yuan/ton, which was the same as the previous trading day. The trading day was flat. Today, the market price has not changed much, the prices of most companies are temporarily stable, and the transaction volume of individual orders is average.
According to Mysteel research, a company A in Shaoxing shipped 10 tons of HPb59-1 brass rods, with a transaction price of 49,700 yuan/ton; tax included, self-delivery.
raw material market
The spot transaction price of No. 1 electrolytic copper in Shanghai was 68,770 yuan/ton, an increase of 70 yuan/ton from the previous trading day.
The price of brass in Taizhou, Zhejiang is 42,600 yuan/ton, the same as the previous trading day, and the price of H62 brass is 47,000 yuan/ton, the same as the previous trading day.
The price of large brass items in Linyi market, Shandong Province, was 43,800 yuan/ton, the same as the previous trading day; the price of brass brass was 42,700 yuan/ton, the same as the previous trading day.
Downstream market
According to research by Mysteel, downstream companies have also begun to resume production this week, and the enthusiasm for inquiry has begun to pick up. The remaining orders from the year before are also being produced and delivered this week.
Market outlook forecast
Taken together, as the market demand is expected to be relatively strong, which may still provide some support to the market, the short-term copper bar price is expected to be stable and relatively strong.
