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This month, Shanghai copper as a whole first fell and then rose, fell all the way in the middle and early months, began to rebound and rebounded in the second half of the month, and the shock was weak throughout the month
.
As of today's close, the main 2110 contract of Shanghai copper closed at 69090 yuan / ton
.
Spot copper fell by 2,300 yuan / ton compared with last Friday, scrap copper fell by about 1,300 yuan / ton, and the difference between fine scrap and the end of last month fell by 1,000 yuan, and the current difference is about
800 yuan / ton.
In the middle and first half of this month, due to the continuous sharp decline in the plate, the supply of scrap copper in the off-season has become more and more tight, but the price of the finished bright rod has risen relative to the spot price, resulting in the difficulty of further price improvement, the substitution effect of refined copper is enhanced, and the scrap manufacturers are at the break-even line and have entered the loss one after another, so although the supply of scrap copper has exceeded demand
.
Due to the intensification of market volatility, downstream copper companies have been significantly warming up their willingness to raise prices and grab goods since this week, on the one hand, the refined waste price difference has returned to stability, on the other hand, the supply of raw materials is tight and continues
.
As the market continued to rebound, the market trading atmosphere improved slightly in the off-season
.
It is understood that the surrounding areas of Xiong'an this month, affected by the strict control and management of Xiong'an, have affected transportation, and the arrival of scrap copper has decreased
significantly.
And superimposed on the market fluctuation factors, the upstream source end of the price drop does not ship, with the rise of copper prices in the second half of the year, the situation has eased
.
A new batch of central environmental inspections will soon be launched again, this time in five provinces, including Guangdong, Shandong, Hubei, Jilin and Sichuan, and some concentrated markets in the inspection areas have been closed for business
.
It is understood that environmental protection supervision has little impact on local copper factories in Hubei, due to the tight supply of raw materials, it is difficult to increase the operating rate, and most of the inventory can only maintain daily production needs, and copper factories are in a high position
compared with other regions under the high price.
According to market news, this month, the merger and reorganization of Gezhouba Group was passed, and a copper rod enterprise in Zhejiang was affected by this and suspended production for a period of time, and production has resumed now
.
A copper factory in Jiangxi Province stopped production for about a week in the second half of the year due to poor orders and large inventories of finished products, and has resumed production
.
In terms of the epidemic, in the middle and early half of the year, Henan's epidemic prevention and blockade policy was strengthened, and the blockade in some areas of Changge had a small impact on the supply of scrap copper, and the whole city of Zhengzhou implemented closed-loop management, suspended passenger lines, and strictly prohibited all kinds of agglomeration activities
.
The closure of many high-speed ports in Jiangsu has a great impact on cargo transportation, among which Nanjing and Yangzhou are more serious, and many freight yards are closed and rested
.
By the end of this month, various places were gradually unblocked, and market trading began to pick up
.