Overview:Copper prices strengthened, narrowing the price difference between copper cathode rod and secondary copper rod to 1,150 yuan/mt. According to secondary copper rod enterprises, copper prices shot up in the afternoon. Although occasional transactions occurred during the midday trading session, as copper prices continued to rise, many secondary copper rod enterprises have suspended pricing for downstream.
Trader: Quoted at 107,300 yuan/mt, the tax-included copper scrap price has been very high, procurement volume is insufficient, and production is low.
Upstream: Quoted at 107,400 yuan/mt, EXW price, just a quote for now, with few transactions.
Overview:Copper prices strengthened, narrowing the price difference between copper cathode rod and secondary copper rod to 1,150 yuan/mt. According to secondary copper rod enterprises, copper prices shot up in the afternoon. Although occasional transactions occurred during the midday trading session, as copper prices continued to rise, many secondary copper rod enterprises have suspended pricing for downstream.
Trader: Quoted at 107,300 yuan/mt, the tax-included copper scrap price has been very high, procurement volume is insufficient, and production is low.
Upstream: Quoted at 107,400 yuan/mt, EXW price, just a quote for now, with few transactions.