-
Categories
-
Pharmaceutical Intermediates
-
Active Pharmaceutical Ingredients
-
Food Additives
- Industrial Coatings
- Agrochemicals
- Dyes and Pigments
- Surfactant
- Flavors and Fragrances
- Chemical Reagents
- Catalyst and Auxiliary
- Natural Products
- Inorganic Chemistry
-
Organic Chemistry
-
Biochemical Engineering
- Analytical Chemistry
-
Cosmetic Ingredient
- Water Treatment Chemical
-
Pharmaceutical Intermediates
Promotion
ECHEMI Mall
Wholesale
Weekly Price
Exhibition
News
-
Trade Service
After the Spring Festival, copper processing enterprises have basically resumed work and production, but affected by this surge in the market, the speed and intensity of operation are not as expected
.
Before the holiday, processing enterprises mostly purchased reserves in advance according to actual orders, and the current production orders were basically years old orders and long orders, and there were few
new orders.
Mainly because copper prices rose to a decade high, downstream unprotected enterprises mostly waited for the market pullback and were in a wait-and-see state, so intermediate processing enterprises did not dare to blindly produce, and the spot trade market was light
.
Considering the global economic repair expectations, new energy demand and other aspects, the traditional "gold, silver and fourth" consumption season can still be expected
.
Total global electrolytic copper inventories remain low
.
During the Spring Festival, 55,000 tons of electrolytic copper accumulated in five places in China, and the accumulation range was relatively mild
.
As of the end of February, the total global electrolytic copper inventory (SHFE, LME, COMEX and bonded warehouse) was about 600,000 tons, down more than 30% year-on-year, hovering
at a historical low.
With the acceleration of vaccine popularization, the continuous slowdown in the increase of new confirmed cases in Europe and the United States, and the continuous recovery of overseas economies, it is expected that LME and COMEX copper stocks will continue to dematerialize, and there is a possibility of accelerating destocking, giving strong support to copper prices
.
