Hardware factory paralyzed because profits are shrinking

What impact does the international copper price increase bring?

The hardware factory was paralyzed, because profits were enjoyed in the shrinking waste stations, because the price of the base metals of the London Metal Exchange (LME), which sold more copper, rose broadly on February 25, with the most significant increase in the price of copper.

Since last year, the continuous rise in international copper prices has brought about a certain impact on related industries. The hardware processing factory was paralyzed because the profits were shrinking; the owner of the recycling bin was happy because he sold more scrap copper.

According to the Xinhua News Agency, as the stimulating effect of tension on oil prices in the Middle East and North Africa was gradually digested, people’s concerns about inflation and the global economy gradually eased, and metal prices ended the week’s trading with closing prices.

On the 25th, LME copper stocks increased by 4,150 tons to 416,800 tons. Copper stocks are currently the highest level since July last year. However, the increase in inventories did not have a negative impact on copper prices. Copper prices rebounded strongly on the 25th, setting the biggest one-day gain in three months. At the close of the trading day, the unofficial settlement price of 3-month copper was US$9697.5 per ton, which was an increase of US$225 from the previous trading day, which was a 2.4% increase.

International Copper Price:

The most significant increase in metal** hardware factory:

Some companies are bullish and look at 500 tons of old Feng is the owner of a hardware factory in Shangyu City. Most of the parts he processes are copper products. As raw material copper prices rise, survival is increasingly difficult for Lao Feng’s small factories.

“Our general supply of copper rods is made of copper, which is purchased in tons. I remember the lowest time last year was 40,000 yuan per ton, and now it is more than 50,000 yuan, which is the highest peak of copper prices in recent years.” Lao Feng Said that since October last year, copper prices have been rising, the domestic price began to decline in the last week, only one or two thousand dollars per ton.

"For example, we sell a copper processing part is 2 dollars, the profit may have five hair, and now the price of copper rose, the price of parts did not rise, and my profits have shrunk." Lao Feng is very distressed for this, some time ago Asked the last business to raise the price, finally, the other side had a few days ago to relax.

According to Lao Feng, many copper processing companies are optimistic that the price of copper will increase. Therefore, a lot of finished copper will be produced, with less 10 tons and more than 500 tons. This year, the price per ton of copper rose by more than 10,000 yuan. yuan.

Wang Qing is the owner of a waste recycling station in Xiaoshan. He has been working on this line for five to six years. Speaking of the recycling price of copper, Wang Qing has a lot of feelings. “In the first two years of the global financial crisis, the recycling price per kilogram of copper was only 10 yuan. In December of last year, it was 27.5 yuan per kilogram. Later it rose to 28 yuan. It reached its highest point in January this year, which was 30.5 yuan. It began to fall 5 days ago. To 30 yuan."

Wang Qing said: "The copper recycling price has gone up. There are relatively many people who sell copper at the waste recycling terminal. We can make more profits."

Copper Crafts:

Zhejiang finished product prices did not fluctuate. "Pure copper bought two months ago was 7,200 yuan per ton. Pure red copper bought one month ago was 8,000 yuan per ton. Now it is almost 8,500 yuan to buy pure copper.... The time is rising steadily and has an impact on the production of copper handicrafts.” In the face of the media, Kunming Jin Ning Tong Jin Tong Wu Bronze Silver Passing Silver Passepartout Lee Cong Chung laments this way.

According to Xinhua News Agency, the recent rising international copper prices have affected Yunnan's non-governmental copper products and some of the traditional copper production workshops have been out of stock. Yunnan's Guandu, Jiangchuan, Jinning, Shiping, and other traditional folk crafts in Kunming are affected by handicrafts. Yunnan antique copper, black copper, silver, bronze, spot copper and other copper handicrafts are expected to increase in price as the market fluctuates. To this end, a group of domestic and foreign collectors with keen sense of smell have shot, which led to the recent sudden popularity of specialty copper crafts throughout Yunnan, and some places even appear out of stock.

As early as the Spring Festival holiday, the price of non-ferrous metal in the international peripheral market has risen across the board, and the international copper price has exceeded the 10,000-dollar mark.

The rise in copper prices has had such a big impact on the price of copper art products.

The reporter interviewed Zhu Bingren, a master of Chinese arts and crafts in Hangzhou. He said that this is not the case. At least for the moment, the price of copper products in Zhejiang has not fluctuate. “The copper has gone up, and the raw material cost of copper handicrafts has certainly risen, but it has little effect on the price of the entire handicrafts.” Zhu Bingren said that the true value of a handicraft is reflected in the artistic value created by the master craftsman and is related to the price of raw materials. Not much, just as the price of paintings and calligraphy won't rise because of the increase in the cost of ink and paper.

The reporter once again asked Tianfayuan Park in Jiefang Road, Hangzhou, to find out if there was any change in the price of private copperwork there. The person in charge of Tiancaiyuan said that there has been no recent price adjustment.

With the introduction of folk artists, the recent rise in the price of red copper to 8,500 yuan, so that the prices of private copper workshops no longer dare to book long-term orders, most of the previously completed contracts can only lose money production.

A group of copper artists has been considering raising the price of handicrafts, otherwise it will be difficult to resist this price increase.