Global manufacturing picks up, copper prices to wait

On February 1st, global multinationals announced manufacturing PMI data, and China, the United States, Germany, and other countries showed positive signs of optimism. The warming trend in global manufacturing also drove widespread use and manufacturing The metal price rose and suspended the three-day correction. In addition, according to the "Securities Daily" Market Research Center statistics show that as of January 30, January this year, the transaction volume of the two cities was 397,403,790 yuan, ring last year in December, 111,411.25 million yuan, a decrease of 64.31%.

The relevant data show that the surface, in January this year, a total of 115,463,600 yuan of machinery and equipment inflows, accounting for 29.05% of the total amount of transactions in the two cities in January. Among them, the bulk of the three mechanical equipment stocks exceeded RMB 100 million in January. One of the Gold Cup electrician appeared in January of this year a total of nine large transactions, block trades accumulated turnover amounted to 109 million yuan from the stock fundamentals, the company's main products include wire, power cables, bare wires, electrical equipment used wire There are hundreds of varieties of five major categories, such as special wire and cable , and the product range is complete. It has formed a series, large-scale and complete product structure of wire and cable production. It is the largest wire and cable manufacturing enterprise in the central region and the leading high-voltage and super Special) High-voltage transformers and reactors and other major companies in the production of electromagnetic transmission line equipment is the country's urban and rural power grid transformation and use of products sentinel enterprises and Hunan power station supporting and power transmission equipment industry cluster core enterprise, sales revenue in Hunan The province ranked first in the wire and cable industry and ranked 14th in the wire and cable industry. The price of copper for wire and cable raw materials is mobilized to a certain extent. The price of copper rose slightly in the last three days.

Nearly 30% of the bulk of the transaction, known as the fund's trend indicator, has flowed into machinery and equipment, of which about 40% is related to wire and cable transactions. It is expected that copper prices in the later period will most likely be interpreted as highs and lows.