February copper wire orders warmer increase is not optimistic

SMM February 7: Recently, Shanghai Nonferrous Metals (SMM) conducted research on major copper rod companies in China. The results showed that up to 75% of companies indicated that orders for copper rods will increase in February, and 17% of companies expect orders to It was flat in January.

Seventy-five percent of companies said that orders for copper rods will increase in February. After the Spring Festival, most companies resumed production at the beginning of February, and with the massive rework of workers after the fifteenth day of the first month, production of downstream enterprises gradually returned to normal, and the demand for copper rods will also increase. However, it is worth noting that some business executives also said that the consumption of copper rods in February this year will be worse than the same period last year, and may also be lower levels during the year.

17% of companies believe that the order for the copper rod line in February will be the same as in January. Some scrap copper rod companies stated that the long-term inversion of scrap copper prices has a great impact on the company's raw materials preparation pool. The possibility of a company returning to work in February is very small; another part of the companies believe that the market demand for copper rods has recovered slowly and it is not Blindly optimistic about the February order situation.

8% of the companies said that the current company has not resumed work and it is still not possible to judge the consumption situation in February.