Which one is more valuable, the brass dollar or the red copper dollar?

In recent times, domestic copper prices have risen more than they have fallen. Especially on the first trading day after September, Shanghai copper has shown a rapid rise, making market participants in the Foshan brass belt bullish. Confidence gets a huge boost. However, despite the increasing bullish confidence of market participants, the actual trading situation in the Foshan brass belt market is still not smooth, which is only slightly improved from the day before yesterday. A comprehensive understanding shows that this is mainly related to the following three factors: (1) The high temperature warning weather is coming again. Affected by the three typhoons "Lion Rock", "Compass" and "Nanchuan", high temperature warning weather once again appeared in the eastern coastal areas of China. The temperature in Guangdong, Zhejiang, Anhui and Jiangsu provinces reached as high as 36℃. The above-mentioned areas need to have their own Implement peak-shifting power consumption arrangements. For example, Guangdong and Jiangsu have implemented "peak-shifting power rationing" arrangements for high-energy-consuming enterprises, Zhejiang has implemented a "sequential power consumption" plan for high-energy-consuming enterprises, and Anhui has imposed regulations on some cities that do not meet environmental protection and energy consumption bidding standards. Metallurgical enterprises implemented power outages and production shutdowns for one month. Restricted by the off-peak power consumption arrangement, the output of copper strip companies in Jiangsu and Zhejiang has declined, so the number of copper strips purchased from the south has been reduced accordingly. (2) Enterprises have limited working capital at the end of the month. With the central bank raising the deposit reserve ratio several times, banks are facing pressure on deposits at the end of the month and quarter. Due to the reduction in working capital, it directly affects the purchasing operations of some copper strip manufacturers and copper strip traders. This situation is even more serious in Wenzhou's banking industry. In order to alleviate the pressure on cash deposits, some banks in Wenzhou even offer deposits at high interest rates of one to three thousandths. (3) The rapid rise in copper prices yesterday exceeded the expectations of many copper strip traders and users. Taking into account the lack of sudden major positive news in the market, they are relatively calm about the rising trend and tend to be cautious in operations.

According to brass strip manufacturers, the current selling price of brass strips is at a high level nearly four months ago. Copper strip users are afraid to purchase at high prices and prefer to purchase during corrections. Global Metal Network www.ometal.com