Copper Price Fluctuates, Thin Copper Rods Fall Into "destructive Dilemma"
SMM investigated the production and sales of major domestic large and medium-sized copper pole companies this week.> , comprehensively view the operational rate of the enterprise> It is 74.25% cnc inquiry, which is 12.15 percentage points per month, 1.01 percentage points higher than expected. According to the calendar time, the working rate fell by 0.09 percentage points year-on-year.
With the impact of production suspension during the Spring Festival holiday, the weekly operating rates of fine copper rod companies have rebounded, but consumption this week is still severely restricted by fluctuations in copper price fluctuations and weak terminal consumption.> Only when copper prices fell from Monday to Tuesday did downstream pickups recover significantly, but after copper prices rose, new orders were suppressed again. At the same time, terminal consumption has slowly recovered, suppressing the pace of picking downstream companies with high-quality copper rods. Therefore, the process remains unstable when the exquisite copper pole company destroys the process.
From specific inventory> After delivery, spot stocks fell. With the raw material list of some large enterprises, the raw material list of major domestic fine copper rod factories increased by 9.61% in the month to record 53,050 tons. As inventory gradually sold, the finished product list inventory of the exquisite copper rod factory continued, with a continuous decline of 7.26% per month, recording 58,800 tons.
Looking forward to the future market> cnc co, the current command process of high-quality copper rod enterprises is hindered, and the pressure and production plans of the company's finished product warehouse are also different. The weekly working rate of fine copper rods is expected to remain relatively unchanged next week.> , record 74.55%, up 0.30 percentage points and 3.23 percentage points per month.
Source: SMM Copper Processing Exchange Platform, Author: Zhang. 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.
