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Changshu Jinyin Fu Copper Co., Ltd.
Tel:0512 -52458118 / 524513699
Contact: Mr. Chen
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Email:info@jyfty.com
Address:No. 13, Mogan West Road, Mocheng Street, Changshu

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Copper scrap market trading volume growth is limited

Author: ComeFrom: Date:2020/7/28 14:48:39 Hits:644
On Thursday, both domestic and international copper prices bottomed rebound, driven transaction Foshan scrap copper prices rise, but the copper scrap market to buy gas is still high, the market trading volume growth is limited. Although copper bottomed trend, but recycling companies chase mentality is not obvious. Recycling companies who reflect, late last week, copper scrap prices remain "high fragmentation, low not to" state, on the one hand the prices of copper manufacturers the ability to accept limited, resulting in copper scrap recycling companies affected by price increases limit; hand in Dongguan, Shenzhen copper scrap supply was less copper scrap recycling company acquisition costs remain high. Since the operating profit margins are low, companies are afraid to blindly chasing the high delivery, tend to take the main operation are bought and sold. Some recycling companies do not chase people another reason is when copper prices declined in the early, recycling companies who will be part of the inventory handed copper manufacturers in exchange for part of the amount of money that they are waiting for further recovery after copper inventories price point for the operation. As copper manufacturers, at present many manufacturers are worried copper copper prices this week, a delivery period will appear after weakening phenomenon. At the same time, the trend in copper prices rebound occurs after less copper factory new orders, sales volume is still not ideal, so they are not eager to chase procurement. In Dongguan, Shenzhen, Huizhou electronics factory, terminal factory, they consider that the presence of copper scrap prices low, because at present the price of copper scrap copper plate below the previous level of the same foreign price. Only some of the hands of the inventory and more hardware factory, terminal factory before considering selling some of the stock.
Next:Copper three quarters of rebound opportunities exist
Changshu Jinyin Fu Copper Co., Ltd.
Tel:0512 -52458118 / 524513699
Contact:Mr. Chen Mobile:13701573068
Fax:0512-52456599 Email:info@tjyfly.com
Address:No. 13, Mogan West Road, Mocheng Street, Changshu
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