pennfierce38000reel| The pressure of copper price fluctuations intensifies, and enterprises are responding to production cuts

News summary

Fluctuations in copper prices have caused refined copper rod companies to stop production and reduce production; fluctuations in aluminum prices have caused the operating rate of aluminum profiles to drop slightly; rising zinc prices have affected the start of galvanizing and die-casting companies; and falling lead prices have boosted the operating rate of battery companies.

Newsletter text

[Copper companies are facing weak delivery of goods, and manufacturers are reducing production to cope with cost pressure] Recently, copper price fluctuations have intensified, default incidents have occurred frequently among downstream long-order customers, and interest in picking up goods by bulk order customers has weakened, prompting many refined copper rod companies to take measures to stop production or reduce production. To relieve inventory pressure, at the same time, high refined waste price differences have also encouraged scrap copper rod companies to start and recover.

[The aluminum market was affected by high price sentiment, and the operating rate dropped slightly] Aluminum pricespennfierce38000reelThe violent fluctuations in the market have led to fear of high prices in the downstream market, and the volume of goods taken has decreased. Affected by this, the operating rate of the aluminum profiles and aluminum strip plates declined slightly, andpennfierce38000reelOther sectors remained stable.

[The rise in zinc prices has dragged down zinc plating and other companies, and the operating rate of battery companies has stabilized.] The rise in zinc prices has had a significant impact on the electrolytic zinc market. The rise in raw material costs and limited improvement in processing fees have led to a decline in profits of zinc plating companies. Some companies even stopped production due to the high operating pressure. The impact of environmental protection inspections in some areas has also had a negative impact on corporate orders. At the same time, die-casting zinc and zinc oxide companies have recently reduced orders and limited operating rates. However, the fall in lead prices has had a positive impact on battery companies, and the operating rate has remained generally stable.