1. The significance of quotation of SMM Copper Bar processing fee
2. Quotation Methodology of SMM Copper Bar processing fee
2.1 Product specifications and standards
8mm copper rod electrical copper wire billet, divided into power industry rod and enamelled wire rod two major plates for quotation; reference standard GB/T3952-2016
SMM defines a typical transaction volume that reflects market circulation as each transaction that is greater than 100t and the trading volume is not in this category. We will refer to the feedback of market participants and deduct the premium or discount to make it meet the standard. If the transaction is an accidental act that cannot be repeated under the same conditions, it is possible to discard the bid.
2.3 Price terms
The price is the ex-factory self-raised price including value-added tax, in RMB per ton.
2.4 terms of payment
The terms of payment reflected by the price are cash transactions on the day of the transaction. If there is a forward payment or a letter of credit payment, we will convert it according to the interest rate at that time to make it meet this standard.
2.5 Standardization of data
Although SMM has a standardized definition of our price, there is diversity in trading in the market. The price of each transaction is affected by many factors, including the size of the order, the brand of the goods, the time of delivery, the terms of payment, etc. SMM will take into account quotations, bids and transaction information on the market and align them with our standards.
2.6 form of processing fee
The processing fees quoted are in the form of intervals, with the lowest and highest prices, respectively. For example: 8mm power industry with rod interval price of 500 to 700 yuan / ton average price: 600 yuan / ton; 8mm enamelled wire pole interval price of 800 to 1000 yuan / ton average price: 900 yuan / ton.
3. Standard acquisition unit
(the above enterprises are ranked first and last)
Welcome more relevant enterprises in the industrial chain to participate in and support SMM to better serve copper rod related enterprises
If you have any doubts, you can call for advice
Sun Ziyang, Copper Research team of Shanghai Colored Network
Contact information: 021 51666878, 188 42607826
November 1, 2018