9,062.36 TL BIST 100 BIST 100
31.18 $ USD USD
€33.71 EUR EUR
4.36 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
44.64 TL Interest Interest
83.62 $ Fossil Oil Fossil Oil
22.49 $ Silver Silver
3.85 $ Copper Copper
113.88 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.68 TL Gold (gr) Gold (gr)

Copper bar manufacturers in China continue to actively produce

According to the survey conducted in Zhejiang, Jiangxi and Guangdong provinces, China's copper bar processing enterprises are more active in restarting production after the Spring Festival.

Copper bar manufacturers in China continue to actively produce

According to a survey of 22 brass bar producers with an annual capacity of 1,635 million tons in Zhejiang, Jiangxi and Guangdong provinces, China's copper bar processing enterprises seem more active in restarting production after the Spring Festival.19 or 84.3% of the businesses resumed production as of January 31, and the remaining businesses are expected to completely resume within three days.

Compared to the same lunar period in 2022, 12 businesses remained on the planned restart date, 3 businesses started later and 7 businesses earlier in 2023. Due to the Spring Festival holiday coming earlier this year, the restart time was accordingly earlier. In addition, some businesses have to finish the production as soon as possible for the orders received before the Festival.

However, downstream demand is slight and will amount in mid-February. Most sub-industry companies want to resume production after February 5 due to high copper bar prices.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukrzaliznytsia is pledging to restart sales of scrap metal

Thursday, February 29, 2024

Decrease in CRC and HDG prices expected in Europe

Thursday, February 29, 2024

Indonesia and South Africa target increased thermal coal supplies to India

Thursday, February 29, 2024

European steel market this week!

Thursday, February 29, 2024

Taiwan's scrap imports surge in January

Thursday, February 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now