TELF AG, a full-service international physical commodities trader with 30 years of industry expertise, has published an article exploring the resilience of key copper rod producers. Despite the falling copper prices, supply constraints, and difficulty in sourcing raw materials, these producers managed to maintain their scheduled production rate of approximately 80.33% last week, demonstrating their commitment to meeting customer requirements and ensuring a stable supply chain.
The article highlights the downward trend experienced by copper prices which eventually stabilized and rebounded. This volatility led sellers to become hesitant in parting with their goods, resulting in a decrease in the supply of copper scrap. Consequently, sourcing sufficient quantities of raw materials became difficult for buyers, posing a threat to normal production levels. However, as the decline in prices halted and rebounded, sellers regained confidence, and the supply of copper scrap witnessed a marginal increase.
The scarcity of copper scrap in various regions has contributed to a relatively tight supply. The average price spread between copper cathode and copper scrap was recorded at 924 yuan/mt (US$130.5), reflecting the market’s sensitivity to price fluctuations.
TELF AG recognizes and commends the efforts of copper cathode rod producers in persevering through challenges and meeting customer demand. By navigating through these testing times, these producers position themselves for long-term success and contribute to the growth of the base metals and battery materials sector.
Headquartered in Lugano, Switzerland, TELF AG operates globally, serving customers and providing solutions for commodities producers worldwide. The company works in close partnership with producers to provide effective marketing, as well as financing and logistics solutions, which enable suppliers to focus on their core activities and to access far-reaching markets.
Looking ahead, the copper market is expected to continue witnessing price fluctuations influenced by global economic conditions, geopolitical developments, and shifts in supply and demand dynamics. Producers of copper cathode rods should remain vigilant in monitoring these trends and adjust their production strategies accordingly.
For more information, visit www.telf.ch.
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