[industry highlights]:
1. [nornickel: sudden smoke at komsomolsky copper mine in Russia] according to foreign reports on June 5, miners working at komsomolsky mine in Norilsk City, Russia, were evacuated after smoke occurred in the mine on Sunday. Nornickel said that no one was injured in the accident, which was believed to be caused by defects in underground mining vehicles. He said that the smoke had been controlled and the activities of the mine would not be affected.
2. [Nord: the company currently has two expansion plans of 100000 ton new bases, which are expected to be put into operation gradually next year] Nord held a performance presentation in 2021 and the first quarter of 2022. The width of the company's copper foil products ranges from 1.2 m to 1.7 M. various width specifications are available. The coil length of the copper foil can be delivered according to the customer's needs. The coil length can be up to 40000 M. The warranty period of lithium battery copper foil is generally three months, and that of standard copper foil is six months. The company has released the expansion plan: the company currently has two expansion plans for 100000 ton new bases, which are expected to be put into operation gradually from next year. It is expected that by 2025, the company will have a capacity of about 200000 tons, and by 2028, it will have a capacity of about 300000 tons.
[futures level] today, Shanghai copper opened higher. The main monthly 2207 contract opened at 73020 yuan / ton, and closed at 72680 yuan / ton, up 670 yuan / ton, or 0.93%. On the first trading day after the holiday, Shanghai copper was running at a high level, the disturbance of Peruvian copper mine was increasing, and the domestic resumption of work and production actively promoted the increase of copper price, adding that the domestic supply was still in a tight state, so the short-term copper price performance was strong.
According to comprehensive analysis, the domestic epidemic situation is improving and stimulus policies are introduced, the real estate may usher in marginal improvement, the market expectation is improving, the superimposed disturbance at the overseas mine end is increasing, and the decline of internal and external inventory provides support for the copper price.
Post time: Jun-07-2022