[Handheld Changsha] Copper prices will have "Hunan Index"

Date:2021-10-06

Changsha Evening News Palm Changsha, October 6 (all media reporter Zhu Zehuan) the reporter learned from Hunan Wire and Cable Industry Association today, 2021 (the second) China copper rod and cable industry summit forum will be held in Changsha from October 14 to 16, It is expected to attract more than 500 experts from copper rod manufacturers, cable companies, recycled copper recyclers and financial institutions.


The conference is co-hosted by Shanghai Ganglian e-Commerce Holdings Co.,Ltd. and Hunan Golden Long International Copper Co.,Ltd. It is co-hosted by Shanghai Futures Exchange and Hunan Wire and Cable Industry Association. The conference focused on the release of regional price index, interpretation of industrial policies, discussion of copper industry market status quo, resource supply and demand and technical exchanges, analysis of power consumption, green recycling development of renewable resources, end consumption, application of financial instruments and other aspects.


"We hope to build a complete copper material industry chain here through the summit." Gao Chenxi, deputy general manager of Copper Business Division of Shanghai Steel Union, said that the summit will show the industrial advantages in the region, attract high-quality resources from surrounding areas and even the whole country, improve the integrity of the industrial chain in Changsha and Hunan, and boost hunan to build a copper industry in-depth processing base.


"We will release a local copper price index at the summit." Full-length Yu, copper rod analyst of Nonferrous Metals Division of Shanghai Steel Union, said that to build changsha copper rod price system will solve the dilemma of cross-regional reference price, close to the local status quo, and personally safeguard the legitimate rights and interests of enterprises in the region. "At present, we have released a 'local index' in Shangrao, Jiangxi province, which has been recognized by most local enterprises."


At present, the copper production and copper material processing industry chain in Hunan is relatively perfect, and the downstream terminal wire and cable industry is booming. Recently, the provincial government issued several policies and measures to support the Supporting development of advanced Manufacturing Supply chain and several policies and measures to support the Extension and strengthening of the Comprehensive recycling utilization of Nonferrous Metal Resources. Hunan copper industry has ushered in a good opportunity for development, industrial upgrading and industry status upgrading are about to enter the fast lane.


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