Hot News

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  Copper prices retreat, driving operating rates of copper billet producers up MoM, while YoY performance remains weak amid macroeconomic constraints [SMM Weekly Review of Wire and Cable Market]

• Port Inventory and Port Pick-up Volume of Iron Ore on July 11

• The recovery of operating rates of copper cathode rod producers fell short of expectations, and the inventory buildup of finished products highlighted weak demand [SMM Weekly Review of Copper Cathode Rod Production]

  [Copper Cathode Rod Operating Rates Recover Below Expectations, Inventory Buildup of Finished Products Highlights Weak Demand] The weekly operating rates of major domestic copper cathode rod enterprises (July 4 - July 10) rebounded to 67.00%, up 3.26 percentage points MoM, 4.56 percentage points lower than expected, and down 0.69 percentage points YoY.

• Falling copper prices fail to reverse the downtrend in brass billet orders, and operating rates may rise slightly next week [SMM Weekly Review of Brass Billet Market]

• Wafer quotes rose significantly, and inventory pressure for solar cells increased at the beginning of the month [SMM Silicon-based PV Morning Meeting Summary]

  [SMM Silicon-Based PV Morning Meeting Summary: Wafer Quotations Rise Significantly, Inventory Pressure for Solar Cells Increases at the Beginning of the Month] The market price for N-type 18X wafers is 1 yuan/piece, and the price for N-type 210RN wafers is 1.15 yuan/piece. Topcon 183N solar cells (with 25% efficiency or higher) are traded at 0.22-0.23 yuan/W; Topcon 210RN and 210N are traded at 0.24-0.25 yuan/W. HJT 30% silver-coated copper (with 25% efficiency or higher) has recently stabilized at 0.35-0.36 yuan/W.