[electrician Summit] interpretation of the change of conductor demand in Cable Industry and Prospect of Copper Price

Published: Nov 6, 2020 10:32

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[interpretation of conductor demand changes in cable industry and prospect of copper futures price] at the 2020 (Fifth) China Electrotechnical Materials supply and demand Trading Summit, Hou Shaofan, chairman of Bentakang Holdings Group Co., Ltd., brought a speech with the theme of "interpretation of conductor demand changes in cable industry and prospect of copper futures price". His speech mainly focused on the steady increase in demand for wires and cables driven by new domestic infrastructure, the changes in conductor demand for wires and cables, the analysis of the cost pressure of cable enterprises, and the impact of the world political and economic environment on copper prices under the epidemic.

SMM11 June 6: at the 2020 (Fifth) China Electrotechnical Materials supply and demand Trading Summit, Hou Shaofan, chairman of Bentakang Holdings Group Co., Ltd., brought a speech on the theme of "interpretation of conductor demand changes in cable industry and prospect of copper futures price". It mainly focuses on the steady increase in demand for wires and cables driven by new domestic infrastructure, the change of conductor demand for wires and cables, the cost pressure analysis of cable enterprises, and the impact of the world political and economic environment on copper prices under the epidemic.

Domestic new infrastructure leads to a steady increase in demand for wires and cables

The change of conductor demand of wires and cables and the Analysis of cost pressure of Cable Enterprises

Statistics on the output value of wires and cables for Electrical equipment in China

The influence of World political and Economic Environment on Copper Price under the epidemic situation

As the state strictly controls the direction of housing speculation, the real estate market is much cooler than in previous years, and the future demand for copper will bring stable growth space with the development of new infrastructure construction and new energy industry. The uncertainty still lies in the economic stimulus policies of European and American countries in the international market. If we continue to implement the economic stimulus policy of zero or even negative interest rates, there will be no major wars and other force majeure within the foreseeable range, and the trend of copper prices may continue to strengthen. In the next 2-3 years, copper is expected to reach 10000 US dollars or even reach a record high in March. The lasting and far-reaching impact of the Sino-US trade war and the global epidemic control will also greatly affect the trend of copper prices.

Cable electrician price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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