Copper Rod Market Report H1 2013

Tracking the downward movement of copper price, copper rod market in China went down in the first half of this year.Asian Metal Copyright In this case, the processing charge of low-oxygen copper rod with the diameter of 8.Asian Metal Copyright In January, European economy became better, and US dollar weakened, pushing up copper prices.Asian Metal Copyright0mm stayed at RMB600-700t USD97-113t ex works for cash payment, up from RMB300-400t USD49-65t in late December.Asian Metal Copyright Copper rod prices in China increased, and producers were not in a hurry to liquidate stocks under little pressure of capital turnover.Asian Metal Copyright Copper rod prices in China increased, and producers were not in a hurry to liquidate stocks under little pressure of capital turnover.Asian Metal Copyright In this case, the processing charge of low-oxygen copper rod with the diameter of 8.0mm stayed at RMB600-700/t (USD97-113/t) ex works for cash payment, up from RMB300-400/t (USD49-65/t) in late December. With the Spring Festival holiday approaching, producers stopped production in succession, and the processing charges rose slightly to RMB700-900/t (USD113-146/t).Asian Metal Copyright Copper rod prices in China increased, and producers were not in a hurry to liquidate stocks under little pressure of capital turnover.Asian Metal Copyright