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Last week, Shanghai copper rushed back down, and as of Friday's close, the main 2110 contract of Shanghai copper closed at 69130 yuan / ton
.
Spot copper rose 1850 yuan / ton compared with last week's Friday, scrap copper rose 1300 yuan / ton, and the fine waste spread returned from last week's negative value to the
current 800 yuan / ton.
Today's quotation in South China 1# bright copper 64600-64700 yuan / ton, copper prices rose sharply, boosting the willingness of holders to ship, but the end of the day was abnormally rising, causing holders to turn bullish and hold a wait-and-see state; Downstream waste processing enterprises are relatively cautious in purchasing heights, and purchase appropriate amounts according to finished product orders, and the volume of scrap copper in the morning is average
.
Last week, Shanghai copper rushed back down, and merchants sold more goods, and the bags were safe
.
Due to the shortage of goods in the market, downstream copper enterprises in order to ensure the normal production of furnaces, enter the market to rush goods, copper enterprises in many regions have purchased to the Dali market to pick up goods, and the quotation and the increase in spot range is large
.
As copper prices rose, the fine waste spread had risen to around
800 yuan last week and Friday.
It is understood that at present, the surrounding area of Xiong'an, affected by the strict control and management of Xiong'an, has affected transportation, and the arrival of scrap copper has decreased
significantly.
And superimposed on the large fluctuating factors of the market, the upstream source end of the price drop does not ship, the surrounding raw material manufacturers are miserable
.
The situation has eased
somewhat as copper prices have risen.
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
.
According to market news, the merger and reorganization of Gezhouba Group was approved, and the production of a copper rod enterprise in Zhejiang was suspended due to this, and the follow-up progress still needs to be continuously evaluated
.
Due to poor orders and large inventories of finished products, a copper factory in Jiangxi plans to stop the furnace and stop collecting
in the past two days.
