The Annual Output Reaches One Million Tons! Will Electrolytic Copper Continue To Rise?
SMM China's electrolytic copper production fell by 81,700 tons in January> , a decrease of 7.46%, a year-on-year increase of 4.54%, an increase of 6,500 tons from expected.
The production of electrolytic copper fell sharply in January, mainly due to the following reasons:> 1. The statistical period for certain smelters in January is from January 1 to January 25. The decrease in statistical time leads to a significant decline in output; 2. Maintenance operations at two smelters in January were also one of the reasons for the decline in output; 3. Many smelters have intensive supply of copper concentrate and crude oil copper (as of January 24, SMM imported copper concentrate index (weekly) was US$1.76/ton/ton, and SMM domestic southern crude oil processing fee (weekly) was 800. of /ton), whose output has been reduced to varying degrees.
Summary> The sample operation rate of the electrolytic copper industry in January was 80.22%, a decrease of 7.50 percentage points per month; the operation rate of large smelters was 83.16%, a decrease of 9.37 percentage points per month, a decrease of 9.37 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.47 percentage points per month, a decrease of 2.4 The operating rate was 75.13%, a decrease of 3.6 percentage points per month. The operating rate of small smelters was 67.23%, down 2.63 percentage points per month. The copper concentrate smelter operating rate is 86%, down 6.1 percentage points per month per month; the smelter without copper concentrate (waste or anode plate) has a working rate of 68.7%, down 9 percentage points per month per month. .
In February, no smelters were under maintenance, and the maintained smelters resumed normal production in January, increasing production. In addition, the statistical cycle of some smelters has returned to normal cnc products, the statistical time has increased and the output has increased. However, due to the tight supply of waste copper, the output of electrolytic copper smelters that produce waste copper copper copper continues to decline, and the market may continue to decline.> . Finally, we need to pay attention to whether mineral electrolytic copper companies will suffer losses from smelting and reducing production. It is reported that based on the zero order price of copper concentrate, it will lose about RMB 1,600/ton, and in the long run, it will also lose about RMB 800/ton.
According to each company's production schedule, SMM is expected to increase domestic electrolytic copper production by 41,600 tons in February in a month.> The growth rate was 4.1%, up 105,100 tons to 11.06% year-on-year. Cumulative output from January to February increased by 149,100 tons year-on-year, up 7.77%. In February, the sample operation rate of the electrolytic copper industry was 83.53%, a monthly increase of 3.31 percentage points; the operation rate of large smelters was 87.40% and 4.24 percentage points per month, while the operation rate of medium smelters was 76.44% and 1.31. 1.31 percentage points in the month. The operating rate of small smelters was 67.84%, an increase of 0.61 percentage points per month. The operating rate of copper concentrate smelters is 90.1%, an increase of 4.1 percentage points per month per month; the operating rate of smelters without copper concentrate (scrap plates or anode plates) is 68.6%, a decrease of 0.1 percentage points per month per month cnc machining, down for two consecutive months.
Source: SMM Copper Processing Exchange Platform, Author: Long. 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 the article.
