Copper Prices in the Chinese Market Fell Slightly – Amine Catalysts https://www.newtopchem.com The Leading Supplier of China Amine Catalysts Mon, 20 Dec 2021 07:32:40 +0000 zh-CN hourly 1 https://wordpress.org/?v=6.1.7 https://www.newtopchem.com/wp-content/uploads/2023/12/1.jpg Copper Prices in the Chinese Market Fell Slightly – Amine Catalysts https://www.newtopchem.com 32 32 SunSirs: On December 16, Copper Prices in the Chinese Market Fell Slightly https://www.newtopchem.com/archives/26067 Mon, 20 Dec 2021 07:32:40 +0000 http://www.newtopchem.com/archives/26067 　　On the 16th, the price of copper dropped slightly. The spot price was RMB 68,508.33/ton, down 0.64% from the previous day, up 18.21% from the beginning of the year, and up 18.28% year-on-year.

　　Inflation in the United States continued to soar, and LME copper closed down US$131 overnight. The domestic economic data in November fell short of expectations, suppressing copper prices. After the downstream power limit and production limit are over, the pre-orders are mostly digested. The operating rate of copper cables rose back to 85.55% in November, an increase of 5.1% from the previous month. The cable operating rate is expected to fall again in December. The operating rate of domestic copper rods was 65.79%, a week-on-week drop of 2.31%. At the same time, the supply of scrap copper continues to be tight. Copper inventories are low, and copper prices may maintain a narrow fluctuation trend in the short-term.

　　Related listed companies: Jiangxi Copper (600362), Tongling Nonferrous (000630), Yunnan Copper (000878).

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