The price trend of copper wire affects the production cost of producing silicone wire
Whether you are doing wire, PVC wire, or silicone wire, silicone cable, silicone multi-core wire, the predecessors are inseparable from copper, the price of copper has not been stable recently, the price of copper is weak, the outlook is still not optimistic ! affects the price of the overall wire. Copper prices have fallen, and the cost of making silicone wires is low. So the price will be lower.
Although the HSBC China PMI shows that China's economy continues to recover, the oversupply concerns and the uncertainty of the Fed's monetary policy outlook have kept copper prices weak. LME March copper closed down $30 to $7,250/ton on Monday. Despite the dust settled in the Fed’s meeting on interest rates in September, the uncertainty of its policy outlook still exists, and this worry will always exist until the boots fall. Despite the continued recovery of the Chinese economy, due to the adjustment of the economic structure, the growth rate of demand for bulk commodities will undoubtedly slow down. Short-term Shanghai copper will maintain a volatile pattern. It is recommended to adopt a rallying operation strategy between the upper part of the shock zone, that is, 52500-53500.
Yuezhen wire to the above situation! We have developed a complete mechanism, that is, low selling low buy to deal with, now market conditions!
Affected by the US ISM non-manufacturing data, overnight copper losses have been suspended, and the US is still uncertain about whether Syria will carry out military strikes. The market waits for the evening's US non-farm employment report to be released.