TCs for copper rod stable in China
2023-04-10 08:25:52 [Print]
BEIJING (Asian Metal) 10 Apr 23 - Considering stable purchase from downstream cable plants, Chinese copper rod market moved steadily. The prevailing TCs for copper rod stood at the range of RMB600-650/t (USD86-94/t) delivered presently, unchanged from late last month. Insiders forecast the mainstream TCs for copper rod would remain flat in the coming days and related buyers intend to lock the material as scheduled.
"I sold about 200t of copper rod to my regular client with the TCs of RMB620/t (USD89/t) delivered, and I intend to sell the material steadily," said a copper rod producer in South China, claiming that he last sold about 200t of the material with the TCs for RMB620/t (USD89/t) early this week. Taking stable buying activities from buyers and strong intentions to hold stable offers from suppliers into consideration, he predicts the mainstream TCs for copper rod would remain flat in the coming days.
The producer, with an annual production capacity of 220,000t, predicts to produce about 12,000t of the metal in April and produced a similar volume in March. He holds about 2,000t of stocks now, unchanged from late last month. He produced about 155,000t in 2022 and produced about 37,000t of the metal in Q1 of 2023.
"Given stable demand from downstream cable plants, I sold around 300t of copper rod today with the TCs of RMB630/t (USD91/t) delivered," said a copper rod producer in South China, adding that he last closed a deal of 300t at the same volume at RMB630/t (USD91/t) early this week. Considering stable movements and little intentions to accept price cuts from buyers, he predicts the mainstream TCs for copper rod would remain stable in the forthcoming days.
The producer, with an annual production capacity of 300,000t, plans to produce about 27,000t of copper rod in April and produced about 21,000t in March. He holds about 2,300t of stocks presently, almost identical to late last month. He produced about 285,000t of copper rod in 2022 and produced about 65,000t in Q1 of 2023.
"I sold about 200t of copper rod to my regular client with the TCs of RMB620/t (USD89/t) delivered, and I intend to sell the material steadily," said a copper rod producer in South China, claiming that he last sold about 200t of the material with the TCs for RMB620/t (USD89/t) early this week. Taking stable buying activities from buyers and strong intentions to hold stable offers from suppliers into consideration, he predicts the mainstream TCs for copper rod would remain flat in the coming days.
The producer, with an annual production capacity of 220,000t, predicts to produce about 12,000t of the metal in April and produced a similar volume in March. He holds about 2,000t of stocks now, unchanged from late last month. He produced about 155,000t in 2022 and produced about 37,000t of the metal in Q1 of 2023.
"Given stable demand from downstream cable plants, I sold around 300t of copper rod today with the TCs of RMB630/t (USD91/t) delivered," said a copper rod producer in South China, adding that he last closed a deal of 300t at the same volume at RMB630/t (USD91/t) early this week. Considering stable movements and little intentions to accept price cuts from buyers, he predicts the mainstream TCs for copper rod would remain stable in the forthcoming days.
The producer, with an annual production capacity of 300,000t, plans to produce about 27,000t of copper rod in April and produced about 21,000t in March. He holds about 2,300t of stocks presently, almost identical to late last month. He produced about 285,000t of copper rod in 2022 and produced about 65,000t in Q1 of 2023.
