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[SMM Analysis] consumption weakening Electrolytic Copper Rod quotation decline
May 13,2020 17:22CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM5 13: according to SMM research understanding, today around the electrolytic copper rod quotation has declined. Today, Guangdong 8mm power industry pole processing fee 620750 yuan / ton, the average price is down 65 yuan / ton compared with last Friday; East China 8mm power industry pole processing fee quoted 550-700 yuan / ton, the average price is down 125 yuan / ton compared with last Friday. The pole processing fee for the 8mm power industry in North China is 700-800 yuan / ton, down 100 yuan / ton from last Friday.

Copper rod processing fees have fallen in all parts of the country, the main reasons are as follows:

Cable consumption weakens

It is understood that in the near future, the enthusiasm of the cable factory to purchase copper rods has been reduced, and the order of the enamelled wire factory has also been weakened. In May, from the feedback of enterprise orders, production in May can basically maintain the performance in April, but in May, due to the decline in enamelled wire orders and the impact of foreign trade exports, the operating rate is expected to decrease slightly compared with the previous month. In addition, some large enterprises feedback, because the concentration of production in late March to April is too slow, May will be a slight shutdown to give workers a break, will also affect some of the output.

"[SMM analysis] the stimulus of electric power infrastructure is obviously that the operating rate of copper cable enterprises rose strongly to more than 100% in April.

The rising water of electrolytic copper goes down.

Today, SMM1# electrolytic copper discount water reported 20 yuan / ton-flat water, the average price is 10 yuan / ton; South China electrolytic copper rose water 30-40 yuan / ton, the average price of discount water fell 90 yuan / ton compared with the previous trading day. Electrolytic copper in North China 50-100 yuan / ton, the average price of discount water fell 10 yuan / ton compared with the previous trading day.

"May 13 SMM Shanghai Copper spot Market Express: the difference between the plate and the month narrowed the discount and improved the transaction.

"[SMM Review] May 13 Guangdong Copper spot Market Express: after a sharp drop in rising water, the market trading activity has increased significantly.

"SMM May 13 North China Copper spot Market Express

The drop in the price of scrap copper rod strikes the electrolytic copper rod.

The increase in the supply of scrap copper rods has led to lower prices for electrolytic copper rods. Before the festival, the processing fee of scrap copper rod is quoted at 500-600 yuan / ton. Today, the quotation for scrap copper rod has gone down to an average price of 100 yuan / ton. In the face of the impact of scrap copper rod, some electrolytic copper rod enterprises choose to reduce the quotation of copper rod processing fee.

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