Copper prices are operating at high levels, but the transaction volume of copper plates and strips has not seen a significant improvement.
Price: According to news on March 5, the price of copper strip in the domestic market yesterday increased by 70 yuan/ton, and the price of brass strip increased by 40 yuan/ton. The quoted price of T2 copper strip was 72960-72960 yuan/ton, and the price of H62 brass strip was 72960-72960 yuan/ton. The offer price is 52,900-54,100 yuan/ton.
Transactions: There were not many inquiries in the market in North China yesterday, with terminals mainly purchasing for rigid needs. The current supply in the market has basically returned to normal, and orders in March and April are relatively optimistic. In East China, the current purchasing enthusiasm of terminal companies is still relatively average, and purchases for rigid needs are still low. Mainly, the purchase volume has not increased significantly, but the volume of goods taken by traders has increased.
Forecast: Copper prices fluctuated at a high level yesterday, market trading enthusiasm was average, terminals still mainly purchased for rigid needs, traders' purchasing volume gradually increased, and copper prices are expected to continue to rise today.
