Anode Copper: Is It Expected That The Market Tension Will Improve? Processing Fees Are Expected To Rebound In February!
In January 2019, China's Southern Copper> The processing fee quote is 700-900 yuan/ton, the average price is 800 yuan/ton cnc quote, a monthly reduction of 50 yuan/ton; domestic Northern crude oil copper> The processing fee quote is 700-900 yuan/ton, the average price is 800 yuan/ton, and the monthly reduction is 100 yuan/ton; CIF Imported crude oil copper> The processing costs are $85-95/ton, with an average price of $90/ton, a monthly reduction of $20/ton.
In January, crude copper treatment fees usually fall.> As for the domestic market, the overall situation is relatively tense. In terms of demand, with the approaching CNC machining of the Spring Festival holiday, there is a great demand for inventory in smelters.
In terms of supply,> Most domestic companies that use scrap copper to produce anode copper began to stop production and holidays in late January. In addition, uncertain trade policies before Trump took office have led traders to suspend imports of recycling U.S. copper from late November, and waste paper imports are expected to decrease in January. In terms of imported crude copper> , With the finalization of long-term orders for imported CIFs in 2025, the handling fee for imported crude oil has dropped below three digits, but at the nodes where long-term contracts are signed up and downstream, there are few transactions in the spot market.
When returning after the holiday, spot handling fees for crude oil and copper in southern China showed a rebound trend.> This week, SMM's domestic crude oil processing fee quoted is 1,000-1,100 yuan/ton, with an average price of 1,050 yuan/ton, an increase of 250 yuan/ton per month; the domestic crude oil processing fee quoted is 700-900 yuan/ton, with an average price of 800 Yuan/ton, remained unchanged last month; the crude oil processing cost imported by CIF is 85-95 USD/ton, with an average price of USD/ton, one month per month; the domestic anode plate processing cost is 700-800 RMB/ton , the average price is 750 yuan/ton, an increase of 200 yuan/ton per month.
From the perspective of demand> When the smelter completes the warehouse reserves before the festival, demand after the festival is expected to slow down. In terms of supply> Copper prices rose in mid-January and after the Spring Festival holiday, recycled copper raw material suppliers are willing to rise, the price difference between refined and waste has widened, the output of waste anode copper parts tends to increase, and overall market tensions are expected to be obtained ease.
Source: SMM copper processing and exchange platform, author: Jiangnan. No media or individual can disseminate, publish or copy the original information of Shanghai's non-produced network in any form without authorization. (including but not limited to market data, price information, market statistics information, research information, etc.) Some content has been changed. If you have any questions, please consult and edit at the end of this article.
