International copper price rose Jinju October copper shouted up 5%

Jin Ju, general manager of the development of copper foil Ge Minghui said on the 27th, Jinju's production capacity is fully loaded until the end of the year, the copper foil product prices follow the copper price, benefited from the international copper price rose in September, the price of copper foil in October will at least reflect Increased by 5%.

Ge Minghui said that shipments in September were about 1,300 tons, which is equivalent to August. It will resume full production of 1,500 tons in October and will be fully loaded until the end of the year.

In recent years, the expansion of Japanese major manufacturers of major copper foil sources in the world has been gradually reduced, which is conducive to industrial supply stability. He said that in the copper foil industry of the next one to two years, as the electronics industry maintains a growth rate of 5% per year, electronic products need to be under copper foil and will be in a state of "supply and demand tension."

At present, Jinju Development Copper Foil products are mainly used for hard boards. Because of the high price of rolled copper foils used on soft boards, and most of them are held by Japanese companies, with the continuous appreciation of the yen, they are bound to force higher profit margins. Transferred orders to electrolytic copper foil, Jinju also plans to expand the original copper foil from hard board to carrier board and soft board for higher gross profit.

Ge Minghui believes that whether it is the Mid-Autumn Festival or the 11th National Day holiday, the number of factory breaks is less than expected, customer demand also rebounds, and the willingness to pull goods increases, indicating that downstream stocks are gradually declining. The performance will be better than the third quarter, and the fourth quarter revenue has the opportunity to challenge the second quarter's new high.

He pointed out that the international copper price came to a high of US$7,945 per ton, mainly due to the depreciation of the US dollar, which caused the market funds to be transferred into the metal raw material commodities. Although it is impossible to determine the trend of the copper price in the fourth quarter, the price of the copper foil product of Jinju followed the price of copper. Going, international copper prices rose in September, and the price of copper foil in October at least responded to a 5% increase.