There is little enthusiasm for trading in the copper strip market
Price: According to news on March 13, the price of copper plate and strip in the domestic market yesterday increased by 160 yuan/ton, and the price of brass plate and strip increased by 170 yuan/ton. The quoted price of T2 copper strip was 72540-73540 yuan/ton, and the price of H62 brass strip was 72540-73540 yuan/ton. The offer price is 53520-54620 yuan/ton.
Transactions: Copper prices rose slightly in North China yesterday. The spot market was relatively light. Traders were cautious and did not take much goods. The transactions were average. In East China, the purchasing sentiment of end-user enterprises was not high recently, the demand performance was weak, and the purchasing volume was not large, while the trading volume was low. Merchants basically still purchase goods on demand, so the transaction volume is low.
Forecast: Copper prices fluctuated upward yesterday. Terminal companies mainly purchased at bargain prices. The overall market transaction activity dropped slightly. The market transaction volume decreased compared with the previous trading day. It is expected that the price of copper strips may rise today.
