Copper rods processing charges flat in Mar-Shanghai Metals Market

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Copper rods processing charges flat in Mar

Price Review & Forecast 03:06:13PM Apr 04, 2019 Source:SMM

SHANGHAI, Apr 4 (SMM) – SMM assessed processing charges of 8mm copper rods for electrical applications in the eastern Chinese market at 600-750 yuan/mt in March, and charges of copper rods for manufacturing enamelled wire at 750-900 yuan/mt in the east. Both remained flat from February. 

Operating rates across Chinese copper rod plants are likely to rise considerably in March, as those producers moved up a gear ahead of lower VATs took effect on April 1, SMM expects. 

Key Words:  Market commentary   Copper rod 

Copper rods processing charges flat in Mar

Price Review & Forecast 03:06:13PM Apr 04, 2019 Source:SMM

SHANGHAI, Apr 4 (SMM) – SMM assessed processing charges of 8mm copper rods for electrical applications in the eastern Chinese market at 600-750 yuan/mt in March, and charges of copper rods for manufacturing enamelled wire at 750-900 yuan/mt in the east. Both remained flat from February. 

Operating rates across Chinese copper rod plants are likely to rise considerably in March, as those producers moved up a gear ahead of lower VATs took effect on April 1, SMM expects. 

Key Words:  Market commentary   Copper rod