1. Enterprise feedback
Interview with Company A: The vice president of sales of a copper plate and strip company in Zhejiang said that copper prices fluctuated downward today, and market transaction performance improved slightly. The slight decline in copper prices stimulated the demand for restocking by some terminal companies. Today's order is 60 tons, and the transaction is acceptable.
Interview with Company B: A copper plate and strip trader in Jiangsu Province B said that orders in the market have picked up today. Today's orders are 20 tons of brass strips and 30 tons of copper strips. Judging from recent orders, orders for copper plates and strips have been relatively stable and have not changed much. .
Interview with Company C: A C copper plate and belt company in Jiangxi reported that copper prices fluctuated downward today, and spot market transactions increased. Compared with the previous trading day, the transaction volume increased month-on-month, and the transaction volume was good.
2. Today's price
On November 28, the price of copper strips in the domestic market fell by 310 yuan/ton, and the price of brass strips fell by 180 yuan/ton. The quoted price of T2 copper strips was 71540-72540 yuan/ton, and the quoted price of H62 brass strips was 52760 yuan. -54560 yuan/ton.
3. Forecast for tomorrow
At present, the supply and demand parties in the market are relatively cautious in transactions. In addition, the current downstream demand is not very strong, and the overall transaction is mediocre. It is expected that the price of copper strips may continue to fluctuate downward tomorrow.
4. Raw material market
Electrolytic copper: On November 28, the spot transaction price of electrolytic copper No. 1 in the Shanghai market was 68,495 yuan/ton, a decrease of 305 yuan/ton from the previous trading day. The mainstream market quotation of good copper rose by 430 to 450 yuan/ton, down 100 yuan/ton from the previous trading day; flat water copper rose from 400 to 430 yuan/ton, down by 100 yuan/ton from the previous trading day; wet copper It rose by 340 to 360 yuan/ton, down 70 yuan/ton from the previous trading day. Copper prices opened lower overnight and fluctuated and fell during the day. The overall trading center of gravity shifted downwards from the previous trading day. Spot premiums fell, and the focus of transactions was lowered. At the morning opening, mainstream quotations from supply sources such as South Korea and JCC were tentatively quoted at 530~540 yuan/ton. However, the market inquiry range was relatively light, the downstream purchasing sentiment was low, and traders' demand for monthly tickets also weakened, such as South Korea, etc. The supply of goods for that month was quoted as rising 500 yuan/ton, but failed to show transactions; as some cargo holders actively lowered their quotations for shipments to facilitate transactions, the spot premium fell rapidly in steps to 430~450 yuan/ton, and the market fell at this time. , some downstream received goods at low prices, and the mainstream transaction atmosphere was suppressed to a price increase of 400~420 yuan/ton. Later, near the close of the morning, the market quotation stabilized at an increase of 400~410 yuan/ton. Overall, the downstream buying willingness during the day was poor, and spot transactions were weak and it was difficult to maintain the premiums at a continued high level. As the end of the following month approaches, there may still be room for the premiums to fall.
Scrap copper: On November 28, the price of bright copper in the East China scrap copper market was 62,500-62,900 yuan/ton, down 200 yuan/ton from the previous trading day. The price of bright copper in the Jiangxi market is 62,500-62,900 yuan/ton; the price of bright copper in the Anhui market is 62,800 yuan/ton; the price of bright copper in the Jiangsu market is 62,800 yuan/ton. Copper prices fell slightly, and the trading atmosphere in the scrap copper market has cooled down. Upstream cargo holders are less willing to ship goods and are reluctant to sell goods, resulting in less supply of goods circulating in the market. Traders still mainly maintain replenishment orders, and the receiving price is relatively high, so spot goods in the market are mostly traded at a premium. Downstream copper plants have less inventory pressure, and they mostly adjust their raw material procurement plans based on finished product orders and wait until supplies are full.
Zinc ingots: On November 28, 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 21,195 yuan/ton. The quotation of ordinary domestic brands in Shanghai was 40 yuan/ton for Shanghai Zinc 2312 liters of water, and the ordinary domestic spot price was 40 yuan/ton. The transaction price was 21,195 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
On November 27, Ashichuang stated on the interactive platform that the overall process of the company's composite copper foil business is in the pilot research and development stage, including but not limited to the improvement of equipment and related processes based on the performance parameters of pilot products and set production line production indicators. and debugging, takes quite some time.
