Terminal Bargain Hunting, Copper Plate And Strip Market Transactions Are Relatively Stable

1. Enterprise feedback

Interview with Company A: A copper plate and strip company in Zhejiang said that the spot price of copper plate and strip fell today. Terminal companies mainly purchased for immediate needs and replenished a small amount of inventory. The overall transaction was average, and 85 tons were shipped today.

Interview with Company B: A copper plate and strip company B in Zhejiang said that today’s transaction volume was basically the same as that of the previous trading day. At present, terminal companies are mostly buying at bargain prices and are generally less enthusiastic about taking goods. They shipped 120 tons today.

Interview with Company C: A C copper plate and strip company in Henan said that copper prices have declined slightly today. The market is dominated by low-price terminal procurement sources. In addition, as the weekend is approaching, some downstream companies have urgent needs to replenish their stocks. Today's transaction is acceptable.

2. Today’s price

On November 10, the price of copper strips in the domestic market fell by 30 yuan/ton, and the price of brass strips fell by 70 yuan/ton. The quoted price of T2 copper strips was 70740-71740 yuan/ton, and the quoted price of H62 brass strips was 52420 yuan. -54220 yuan/ton.

3. Forecast for tomorrow

Copper prices fell slightly today, but it is difficult for terminal consumption to see significant growth in the short term. The overall transaction volume is relatively stable. However, as the weekend approaches, it has increased compared with the previous trading day. It is expected that copper plate and strip prices may maintain an upward trend in shock next week.

4. Raw material market

Electrolytic copper: On November 10, the spot transaction price of electrolytic copper No. 1 in the Shanghai market was 67,695 yuan/ton, a decrease of 55 yuan/ton from the previous trading day. The mainstream market quotation of good copper rose by 250 to 270 yuan/ton, down 75 yuan/ton from the previous trading day; flat water copper rose from 220 to 250 yuan/ton, down by 65 yuan/ton from the previous trading day; wet copper It rose by 150 to 170 yuan/ton, down 60 yuan/ton from the previous trading day. Copper prices opened higher overnight, fluctuated and fell during the day, and the overall trading center of gravity shifted downwards from the previous trading day. Spot premiums continued to fall, and the focus of transactions was lowered. The mainstream quotation in the morning maintained the transaction level of yesterday, initially quoted at 280 yuan/ton, but the supply of spot goods in the market increased, and some cargo holders intended to lower the premium for quick shipment, such as Japan, South Korea, JCC and other supply sources were quoted at 250~260 yuan. / ton, however, under the narrow range of copper prices, the downstream purchasing enthusiasm in the market is average, and the transactions are slightly deadlocked; a few companies have lowered the price again to around 220~230 yuan / ton to facilitate transactions, and the transactions have relatively improved. Good copper Guixi, Jinchuan, ENM The supply of goods also subsequently fell to an increase of 250~260 yuan/ton; however, the market price support sentiment still exists, and traders of mainstream Pingshui copper brands still have a firm premium of 250 yuan/ton for shipments. Overall, although the monthly difference in BACK has converged, as delivery goods are approaching, merchants are in a mood to ship goods for cash, and the spot premium continues to fall. Next week will coincide with the delivery of the 11 contract. It is expected that under the high BACK situation, downstream consumption will be difficult to significantly boost, and the premium may first decrease and then increase.

Scrap copper: On November 10, the price of bright copper in the East China scrap copper market was 62,100-62,800 yuan/ton, down 100 yuan/ton from the previous trading day. The price of bright copper in the Jiangxi market is 62,100-62,800 yuan/ton; the price of bright copper in the Anhui market is 62,600 yuan/ton; the price of bright copper in the Jiangsu market is 62,600 yuan/ton. The copper price fluctuates slightly, the scrap copper price changes slightly, and the upstream holders have profit margins. It is difficult to expand, and the willingness to ship is average. Since the inventory is still at a low level, traders are quite enthusiastic about receiving goods, and they are bullish on copper prices in the medium and long term. The raw material inventory of some downstream copper plants is at a low level, and the purchasing demand is strong, but for The outlook for copper prices is bearish, so there is little willingness to increase purchases.

Zinc ingots: On November 10, the spot price of 0# ordinary electrolytic zinc in the Shanghai market was 40 yuan/ton for Shanghai Zinc 2312 liters of water, and the quotation was 21,640 yuan/ton. The quotation of ordinary domestic brands in Shanghai was 40 yuan/ton for Shanghai Zinc 2312 liters of water. The ordinary domestic spot price was 40 yuan/ton. The transaction price was 21,640 yuan/ton. 0# Qin Zinc, Qilin, and Yuguang have a premium of 40 yuan/ton on the Shanghai Zinc 2312 contract.

5. Market hot spots

1. Project name: 100,000 tons of high-end copper alloy and copper foil project per year

2. Project Overview: Copper is an important industrial metal, and its consumption is closely related to economic growth. After years of vigorous development, my country has become the world's largest copper processing producer and consumer. According to data released by the National Bureau of Statistics, in the first half of 2022, refined copper output was 5.333 million tons, a year-on-year increase of 2.5%; copper product output was 10.231 million tons, a year-on-year increase of 2.4%. With the development of strategic emerging industries such as the new generation of electronic information industry, new energy vehicles, high-end equipment manufacturing, energy conservation and environmental protection, copper consumption demand will still maintain a certain growth. The continued stability of economic growth and the development of related industries will drive copper processing The continued growth of the industry. Copper alloys and copper foils can be used in electromagnetic shielding and related antistatic aspects. Placing conductive copper foil on the base of the plate and then combining it with the metal base material can demonstrate good conductivity, not only In this way, the relevant electromagnetic shielding effect can also be provided. Not only that, such products are widely used in industrial calculators, related communication equipment, and civilian televisions and video recorders. In recent years, the Baotou Municipal Party Committee and Municipal Government have made great efforts to promote the development of the new materials industry and introduced a series of supporting policies. Tuyou Banner New Industrial Park, as an important photovoltaic and photoelectric new material industrial park in the Hobaotou region, has unique development advantages. It has superior transportation, complete supporting facilities, and low electricity prices of 0.29-0.33 yuan/kilowatt hour, which greatly reduces production costs. ; The surrounding Baotou Vocational Education College, Baotou Light Industry College, Baotou Vocational Education Park and a large number of industrial workers can meet the employment needs of enterprises.

3. Construction content: Construction of a copper alloy and copper foil production line with an annual output of 100,000 tons, covering an area of 100 acres, mainly manufacturing chromium-zirconium copper rods and plates, copper alloy solder, etc.

4. Investment estimate: The total project investment is 2 billion yuan, which will be raised by the enterprise itself.

5. Preliminary work: Project planning is in progress.

6. Cooperation methods: sole proprietorship, joint venture.