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What is the price of copper scrap near Lianyungang? Thank you!
Forecast and analysis of copper scrap price trend: June 2009 10 quotation.

(Unit: RMB/ton)

Product? grow

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diversification

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Colored line

45700

Bright copper color

44500

red copper

42600

Motor wire

40500

Anoxic rod

46000

H62 (cooked yellow)

29000

H65

20000

Magnetic brass 94

35000

H63 (phosphor copper)

37000

Large brass

30500

Small brass

28000

Copper-aluminum water tank (radiator)

27000

The above prices are for reference only and are subject to change at any time. )

June 65438+1October 65438+June 2009, Shanghai copper showed a downward trend. The cu 100 1 contract opened at 49,300 points, which rose rapidly at the beginning, hitting a maximum of 49,680 in intraday trading, and then gradually fell back. At the end of the session, the settlement price was lower than that of the previous trading day 130 and closed at 487 10. Yesterday, the domestic spot price of copper rose slightly. The price of 1# copper in the Yangtze River Nonferrous Metals Market rose by 475 yuan to 49,050-49,200 yuan/ton, and the price of 1# copper in Shanghai Nonferrous Metals Network rose by 225 yuan to 48,800-49,200 yuan/ton. In late trading, copper prices in Europe and America fluctuated widely. Lme three-month copper floor trading session fell due to the strength of the US dollar, and the final session fell by 1 15 USD compared with the previous trading session to 6 105 USD/ton. However, in the subsequent electronic trading, the lost ground was recovered under the impetus of the dollar retracement. Comex 65438+February refined copper futures contract price rose slightly by 0.60 cents to 286. 10 cents/pound.

Fundamental Analysis

On Thursday, lme copper stocks increased slightly by 65,438+000 tons to 353,325 tons. As of Wednesday, comex copper inventory increased by 275 short tons from the previous trading day to 567 17 short tons.

In the news, the US Department of Labor announced on Thursday that the cpi in September increased by 0.2% month-on-month, which was slower than the 0.4% in August. The market is expected to increase by 0. 1%. The core cpi excluding food and energy prices rose by 0.2% in September, and the rest were higher than 0. 1% in August. On the same day, the slowdown in cpi growth once supported the strength of the US dollar, but the gains failed to continue under the pressure of the traditional depreciation of the US dollar. In addition, the Philadelphia Federal Reserve said that the business climate index of its jurisdiction in June was 1 1.5, although it was lower than that in September? 14. 1, but the index remained positive for three consecutive months, indicating that the manufacturing industry continued to recover.

General comments

Recently, compared with the decline of US dollar and the rise of crude oil price, the performance of copper price is slightly weak, hovering in the middle of the previous shock range. However, in the market environment where the macro situation is improving and the dollar is weak, there is limited room for copper price correction, and we continue to treat it with more ideas.