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    Home > Chemicals Industry > New Chemical Materials > October 17 copper market morning review

    October 17 copper market morning review

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Copper market morning comment: Copper prices fell slightly after opening high last weekend, and the market traded generally
    .
    On Friday, the Shanghai market electrolytic copper to Shanghai copper 2210 contract reported a discount of 180-140 yuan / ton; Guangdong market electrolytic copper to Shanghai copper 2210 contract reported a discount of 300 to 90 yuan / ton; The North China market electrolytic copper to Shanghai copper 2210 contract reported a discount of 1000-500 yuan / ton
    .

    Copper City

    In terms of supply and demand, the copper concentrate processing fee index was revised up to around $84 / ton, and part of the new domestic electrolytic copper production capacity is mainly to purchase crude copper, the supply of copper concentrate remains loose, but the supply of crude copper is still tight, some smelters have a year-end chase plan, domestic electrolytic copper increment began to cash, it is expected that the output of electrolytic copper in October will be 936,600 tons, compared with the consumption performance in the third quarter, it is expected that copper consumption in October will maintain the status quo, it is difficult to have a significant marginal increase, and domestic electrolytic copper

    Last week, domestic electrolytic copper social stocks increased by 11,500 tons, while bonded zone stocks fell by 13,600 tons
    .
    Domestic terminals just need to maintain stability, electrolytic copper social inventory is at a low level, near strength and far weakness expectations are strengthened, Shanghai copper contract monthly difference is expanding, at the same time, the US dollar index is running at a high level, continuing to pressure non-ferrous metals, the upper limit of the Shanghai copper shock range is still suppressed
    .

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