News: Passenger Car Association: The auto market retail sales in January 2024 basically achieved the expected good start. The important reason for the sharp month-on-month and year-on-year declines in February was the difference in pre-holiday consumption time caused by the Spring Festival factors. There was an overdraft of some sales in January, which affected the sales before the Spring Festival in February. The price war heated up rapidly after the Spring Festival, forming a large wait-and-see trend. Combined with the release of expectations based on the policy details in March, these all constituted a sales trend that was not conducive to February. .

Summary: Today, the price of refined copper rods is mainly concentrated at 70,020-70,460 yuan/ton, and the price of recycled copper rods is mainly concentrated at 68,800-69,400 yuan/ton. In terms of refined copper rods, the overall trading performance of the market was poor. The absolute price of refined copper rods continued to rise today, and the market's enthusiasm for price inquiry was once again suppressed. Most downstream customers were on the sidelines, and intraday order performance was dismal. In terms of recycled copper rods, market transactions have been light; recent construction starts in the region have been insufficient, spot circulation has decreased, manufacturers' willingness to ship is generally low, most quotations are high or have been suspended, and terminals' actual mood to receive goods is not high. Copper rod trade Most merchants focus on receiving goods today; today's transaction prices are mostly concentrated at 68,900-69,000 yuan/ton for self-delivery.