Uncertainty in the price of scrap copper impacted the downstream stocking On the first trading day of 2012, the domestic copper market ushered in a good start, the market sentiment has increased significantly, and some scrap copper holders have been profitably shipped. According to the Fubao Nonferrous Metals R&D team, in fact, due to the positive impact of rising copper prices during New Year's Day, the market activity of the scrap copper has been greatly enhanced, and the holders of the products have seized the opportunity to ship.
However, the long-term outlook was not long, and the worries of the debt crisis in Europe continued to drag on the London copper overnight holiday. The overall trend was weak. The domestic Shanghai copper (55990,-160.00, -0.28%) opened slightly lower, and the scrap copper prices fell. Currently, the market generally pays attention to the downstream stocking situation of the last trading month before the Spring Festival. Although the time is not sufficient, some buyers still indicate that they will randomly add some raw materials depending on the level of price changes.
Chinese New Year holiday advances "artificial panic"
This year, many small and medium sized copper mills will have an earlier date for the suspension of work and holidays. The end of next week will basically enter the holiday, and the latest will also be around the 18th. As a result, the market demand is weak and the sentiment of downstream purchases is inhibited.
However, we have found that copper enterprises with a certain scale will perform holiday time according to the national statutory holidays, and even large copper plants such as Jinlong Copper will continue to operate during the Spring Festival. However, they are also faced with new business challenges, that is, the continuous loss of production staff, production plans are difficult to implement normally. Because New Year's Day and Spring Festival holidays are relatively close this year, many production workers in other provinces began to return home after New Year holidays. According to a relevant person in charge of an electronics company in Guangdong, the company has lost nearly 20% of its front-line production workers after New Year's Day. As the Spring Festival approaches, more workers will return home, and the situation of labor shortage will become more serious.
As we all know, in the second half of 2011, many domestic electronic factories, hardware factories and other orders have been greatly reduced, copper market demand is also quite weak. At this point in time when such electronics companies are under intense employment, demand for the downstream will only worsen.
At the end of the year, the reserve bank is over. Scrap copper maintains the range fluctuate. This week, the market focuses on the US market. The US “non-agricultural†drama is about to be staged. Can we add more wonderful data for the more beautiful US data recently? In its latest global economic data observation, JP Morgan pointed out that it is expected that the non-agricultural employment population in the United States will increase by 185,000 in December, and that the US economy will record a 2.5% increase in the first two quarters of this year. However, Wang Baoling, an analyst at Fubao Scrap Copper, believes that the end of the end of the year's end of make-up banks, scrap copper or will re-shock the interval, the estimated price of Foshan Guangliang line (excluding tax) is yuan/ton.
However, the long-term outlook was not long, and the worries of the debt crisis in Europe continued to drag on the London copper overnight holiday. The overall trend was weak. The domestic Shanghai copper (55990,-160.00, -0.28%) opened slightly lower, and the scrap copper prices fell. Currently, the market generally pays attention to the downstream stocking situation of the last trading month before the Spring Festival. Although the time is not sufficient, some buyers still indicate that they will randomly add some raw materials depending on the level of price changes.
Chinese New Year holiday advances "artificial panic"
This year, many small and medium sized copper mills will have an earlier date for the suspension of work and holidays. The end of next week will basically enter the holiday, and the latest will also be around the 18th. As a result, the market demand is weak and the sentiment of downstream purchases is inhibited.
However, we have found that copper enterprises with a certain scale will perform holiday time according to the national statutory holidays, and even large copper plants such as Jinlong Copper will continue to operate during the Spring Festival. However, they are also faced with new business challenges, that is, the continuous loss of production staff, production plans are difficult to implement normally. Because New Year's Day and Spring Festival holidays are relatively close this year, many production workers in other provinces began to return home after New Year holidays. According to a relevant person in charge of an electronics company in Guangdong, the company has lost nearly 20% of its front-line production workers after New Year's Day. As the Spring Festival approaches, more workers will return home, and the situation of labor shortage will become more serious.
As we all know, in the second half of 2011, many domestic electronic factories, hardware factories and other orders have been greatly reduced, copper market demand is also quite weak. At this point in time when such electronics companies are under intense employment, demand for the downstream will only worsen.
At the end of the year, the reserve bank is over. Scrap copper maintains the range fluctuate. This week, the market focuses on the US market. The US “non-agricultural†drama is about to be staged. Can we add more wonderful data for the more beautiful US data recently? In its latest global economic data observation, JP Morgan pointed out that it is expected that the non-agricultural employment population in the United States will increase by 185,000 in December, and that the US economy will record a 2.5% increase in the first two quarters of this year. However, Wang Baoling, an analyst at Fubao Scrap Copper, believes that the end of the end of the year's end of make-up banks, scrap copper or will re-shock the interval, the estimated price of Foshan Guangliang line (excluding tax) is yuan/ton.
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