As shown in the graph ,Copper prices sharply raised recently and still on the rise ,how does it influence underground power cable price ?
As we all know ,cables are made of copper ,aluminum material .Official data show 80% of cables price comes from raw material .
So recent sharply copper price rise indeed make cable factory big pressure .Take ZR-YJV62 3*250mm2 11kV xlpe swa cable as an example , our previous quote based on May 31th (copper price : USD6866/ton ) is USD 63/meter .
Now the quotation based on (copper price :USD7670/ton )should updated to USD 69.3/meter .
Totally 10% rise on the cables price ,it is much above cable factory marginal Profit(usually 5% net profit ).If factory accept order on May and must deliver on July ,how can factory bear this huge loss ?
To tell the truth ,It is really big pressure for cable industry ,They greatly influenced by raw material price changes .This price rise surely delayed the material purchase and production process .Factory should have more patience to wait for a sharp down on copper & aluminum price .
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