Overview:The expansion of the price difference between copper cathode rod and secondary copper rod has slowed down, and amid high copper prices, end-user wire and cable enterprises’ willingness to place orders has weakened significantly. Many secondary copper rod enterprises stated that end-user orders have slowed down, and traders’ willingness to pick up goods has also weakened compared to before.
Trader: Quoted at 107,000 yuan/mt, delivered price, orders are abundant. Traders' cargo pick-up has slowed in the past two days, end-users are not placing orders, and traders' sales are also slowing down.
Upstream: Quoted at 107,100 yuan/mt, EXW price, traders pushed strongly for lower prices, copper prices had risen too much, and traders were unwilling to purchase at high levels
Upstream: Quoted at 106,900 yuan/mt, EXW price, end-user clients are hardly placing orders.
Overview:The expansion of the price difference between copper cathode rod and secondary copper rod has slowed down, and amid high copper prices, end-user wire and cable enterprises’ willingness to place orders has weakened significantly. Many secondary copper rod enterprises stated that end-user orders have slowed down, and traders’ willingness to pick up goods has also weakened compared to before.
Trader: Quoted at 107,000 yuan/mt, delivered price, orders are abundant. Traders' cargo pick-up has slowed in the past two days, end-users are not placing orders, and traders' sales are also slowing down.
Upstream: Quoted at 107,100 yuan/mt, EXW price, traders pushed strongly for lower prices, copper prices had risen too much, and traders were unwilling to purchase at high levels
Upstream: Quoted at 106,900 yuan/mt, EXW price, end-user clients are hardly placing orders.