The Trading Atmosphere For Copper Rods in South China Is Average

Low-price supply has limited appeal, and the trading atmosphere for copper rods in South China is average.

Price: On February 28, in terms of refined copper rods, the processing fee for 8mmT1 wire and cable poles in the Pearl River Delta in South China was 400-480 yuan/ton, and the processing fee in southwest China was 700-750 yuan/ton; in terms of recycled copper rods, 8mmT3 hypoxic The transaction price of copper rods in Jiangxi is concentrated at 68,300-68,500 yuan/ton, the quotation in Guangdong is 68,450-68,650 yuan/ton, the quotation in southwest is 68,400-68,650 yuan/ton, and the quotation in Hunan is 68,400-68,500 yuan/ton. The prices are basically maintained compared with the previous trading day. constant.

Transaction: Refined copper rod ends, South China, copper prices remain strong today. Although the premiums and discounts of Guangdong electrolytic copper have been reduced, current market consumption is still recovering, and the buying interest of regional downstream companies still has not returned to normal levels; specific conditions Judging from the current situation, the market has a strong wait-and-see sentiment. Terminal cable companies are not willing to buy goods. Transaction orders are still few, and most of them are just needed to replenish stocks. Copper rod factories in the region mainly ship long orders; as of press time, most orders The single transaction volume of copper rod companies and traders is around 100-200 tons, and even some large companies only have a transaction volume of around 200 tons. In the southwest region, as regional demand-side companies have not yet fully recovered to pre-holiday order levels, most copper rod companies and traders are basically maintaining long-term shipments. Single-order transaction volume is very rare, and the overall transaction atmosphere in the market is light.

For recycled copper rod ends, today's morning market quotations in Jiangxi are mostly 68,300-68,500 yuan/ton, which is 310-510 yuan/ton lower than the market price. The difference between refined and scrap rods has slightly widened; today's market transactions are still poor, after market quotations The response was muted. Most of the companies buying goods mainly focus on bargain hunting. During the noon trading period, even the low-priced goods in the market did not perform well. Most companies reported that the trading volume was relatively bleak. As of press time, the trading volume of most companies in the market was At around 100 tons, only a small number of low-priced sources recorded trading volumes exceeding 200 tons. In Guangdong, the morning market quotation is 68450-68650 yuan/ton, which is 160-360 yuan/ton lower than the market price; the overall transaction orders in the Guangdong market are average, but the transactions are concentrated in traders' low-price supply, and the transaction price is basically 68450 yuan to 68,500; due to the high copper scrap collection price and the large number of orders to be delivered at the copper rod factory, the market quotation is relatively strong, so the actual transaction is poor. As of press time, the transaction volume of low-priced and ultra-low-priced sources ranges from 200 to 300 tons. In the southwest region, most recycled copper rod companies in the region have resumed work and production, but the market is still not very active on either the raw material side or the demand side. Therefore, the quotations of regional recycled copper rod companies are generally on the high side. Today, the fixed price of finished products in the regional market is between 68,400 and 68,400. In the 68,650 yuan/ton range, some companies have certain advantages in their quotations. As of press time, most copper rod companies have a small trading volume, mostly within the 100-ton level, while the trading volume of some low-priced sources is around 200 tons.

Market sentiment: Copper prices are weakening day by day, the market has a strong wait-and-see attitude, and the willingness to purchase is still not high; in addition, companies on the market demand side are still in the process of recovery. At present, the single transaction performance of refined copper rod companies is average, and the transactions of recycled copper rods are mostly Low price spot supply is the main source.

Forecast: From the current point of view, most cable companies in South China have gradually returned to production, but the overall market consumption recovery is not good. However, as time goes by, the trading volume of refined copper rods and recycled copper rods in the South China market will gradually return to Normal level.