External disk pulled up tight supply tight copper prices rebounded

Since the beginning of September, domestic copper prices have risen steadily. Copper prices in the COMEX market and copper prices in the LME market have hit a four-month high. This has strongly stimulated domestic copper prices to rebound. In addition, domestic refineries have caused maintenance due to pre-centralized exports and recent centralized shutdowns. The supply of domestic copper decreased, domestic supply appeared to be slightly nervous, and it also pushed up copper prices. According to statistics from the business community, the average domestic copper price at the beginning of the month was 55,998 yuan per ton, which rose to 58,300 yuan per ton on the 10th, up 4.11%. With the increase in the price of copper, middlemen are actively trading, but the downstream is still more cautious about the uptrend. At present, copper consumer demand is still weighed down by the weak economic situation. The orders of downstream copper rod companies are still decreasing. It is understood that nearly one percent of the enterprises in the Zhejiang copper rod market have entered a production shutdown and local companies have stated that most companies have cash flow. At the same time, copper stocks in the domestic market may reach as high as 1.8 million tons, but in August, the operating rate of downstream cable companies rose by 4.55%. The downstream needs to recover, and the consumer season is approaching. Fan Yanxia, ​​a non-ferrous business club, analyzes that demand has completely improved lead and copper markets. Late or will slowly rise.