SMM 8mm electrolytic copper rod processing fee quotation frequency change notice

Published: Dec 16, 2021 18:57

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[announcement of change in quotation Frequency of SMM 8mm Electrolytic Copper Rod processing fee] in order to better reflect the change of processing fee in 8mm electrolytic copper rod market and help the industry reduce transaction costs and prevent and control risks, SMM decided that as of January 1, 2022: 1. SMM power industry pole (East China), SMM power industry pole (South China), SMM power industry pole (North China), SMM power industry pole (southwest), enamelled wire rod (East China), enamelled wire rod (South China), enamelled wire rod (North China), a total of 7 price points are adjusted from the original weekly quotation to daily quotation.

According to SMM's long-term tracking of the market situation and consulting the market opinion, in order to better reflect the changes of processing fees in the 8mm electrolytic copper rod market and help the industry reduce transaction costs and prevent and control risks, it has been decided that from January 1, 2022:

1. SMM power industry pole (East China), SMM power industry pole (South China), SMM power industry pole (North China), SMM power industry pole (southwest), enamelled wire rod (East China), enamelled wire rod (South China), enamelled wire rod (North China), a total of 7 price points are adjusted from the original weekly quotation to daily quotation.

The processing fee of 2.SMM 8mm electrolytic copper rod reflects the market transaction price of the day. Considering the real quotation in the market, the processing fee of SMM 8mm electrolytic copper rod in East China, North China and South China all includes the rising water of each region except the processing fee in Southwest China. For example, on December 9, the price of SMM copper rod used in the power industry (East China) is 530,630RMB. It reflects the processing fee of the pole used by the mainstream power industry in East China + the spot discount on the same day.

3. The specific release time is 12:00 on each trading day (except holidays). The price model is consistent with that before, and only time adjustments are made.

For further suggestions and feedback on the processing fee of SMM 8mm electrolytic copper rod, please contact:

Zhou Yun Zhouyan@smm.cn (East China)

Long Huachen Shumlong@smm.cn (South China, North China);

Xinyong Xinyongwu@smm.cn (Southwest)

December 16, 2021

Processing fee

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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