Gnee Steel (tianjin) Co., Ltd

The Delivery Performance Of Refined Copper Rods Has Improved. Traders Of Recycled Copper Rods Mainly Receive Goods (3.1-3.8)

Mar 11, 2024

The delivery performance of refined copper rods has improved. Traders of recycled copper rods mainly receive goods (3.1-3.8)

Most of the processing fees for 8mm fine copper rods in mainstream domestic markets fell this week, with the northern market falling significantly. Fine copper rod companies have gradually reached production capacity, and delivery performance has rebounded. Traders of recycled copper rods are actively purchasing, but manufacturers' raw material purchase prices remain firm. ; The price of refined scrap copper rods has recovered, and the upside discount for copper futures has expanded again. Looking at the market outlook, the impact of rising copper prices on market consumption has gradually emerged. The market for refined copper rods has gradually shown resistance to high prices. However, on the other hand, recycled copper rods have benefited from the price increase and the price of refined scrap copper rods has increased.

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