Shanghai bonded copper stocks added 6,000 mt on week

[SMM Shanghai spot copper] During the day, overall trading in the Shanghai copper cathode spot market was relatively active. According to SMM, currently available supply in the market is tight, making it difficult to find cargo. On the one hand, recent port congestion has affected the berthing and warehousing pace of some imported copper, resulting in limited replenishment of imported supply to China's spot market; on the other hand, as the copper export window opens, some market participants have increased their willingness to export, which has also diverted some domestic available supply. Furthermore, on August 24, SMM's copper inventories in major Chinese regions stood at 114,200 mt, down 20,200 mt WoW from last Thursday. Inventories are declining rapidly, and the low inventory pattern further strengthens expectations of tight spot supply. Against this backdrop, suppliers have a strong intention to hold prices firm and hold back from selling, making low-priced supply difficult to find; at the same time, restocking demand from downstream users and traders still exists, boosting relatively active inquiries and transaction performance during the day.

Semalam, tembaga LME dibuka pada $14.231/mt, turun sedikit ke $14.220/mt pada perdagangan awal, kemudian naik perlahan ke level tertinggi $14.282,5/mt, dan akhirnya ditutup pada $14.245/mt, naik 0,42%, dengan volume perdagangan 16.000 lot dan minat terbuka 266.000 lot, meningkat 2.569 lot dari hari perdagangan sebelumnya, menunjukkan penambahan posisi beli. Semalam, kontrak tembaga SHFE 2610 yang paling banyak diperdagangkan dibuka pada 108.220 yuan/mt, naik perlahan ke level tertinggi 108.540 yuan/mt pada perdagangan awal, kemudian mundur ke level terendah 108.120 yuan/mt, dan akhirnya ditutup pada 108.150 yuan/mt, naik 0,22%, dengan volume perdagangan 34.000 lot dan minat terbuka 200.000 lot, meningkat 8.439 lot dari hari perdagangan sebelumnya, menunjukkan penambahan posisi beli.

Pada tanggal 21 Agustus, Foshan Huahong Copper Pipe & Tube Co., Ltd., yang berlokasi di Kota Shishan, Distrik Nanhai, Kota Foshan, mengumumkan penghentian operasinya. Perusahaan ini didirikan pada tahun 2004 dengan modal terdaftar sebesar 150 juta RMB, dan pernah menjadi perusahaan terkemuka di industri pipa dan tabung tembaga pendingin Foshan. Perusahaan ini juga masuk dalam 500 besar perusahaan manufaktur di Provinsi Guangdong dan diakui sebagai perusahaan teknologi tinggi tingkat provinsi.