Copper Rod Market Report H1 2013
2013-07-10 18:30:56 【Print】
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Tracking the downward movement of copper price, copper rod market in China went down in the first half of this year
. In January, European economy became better, and US dollar weakened, pushing up copper prices . Copper rod prices in China increased, and producers were not in a hurry to liquidate stocks under little pressure of capital turnover . 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) .