Cathode tsis yog dab tsi tau welded, dov, los yog kos. Pab pawg neeg yuav khoom uas tsuas yog saib LME 3-hli tooj tooj -$14,550 ib tonneson October 10, up$255.50 (+1.79%) rau hnubthiab+2.04% ntawm lub lim tiam- nco cov txheej txheem uas txav tau lawv cov ntawv xa tuaj. Cov txheej hauv nqe lus nug yog qhovfabrication hwm: tus nqi xa Grade A cathode rau hauv cov hlau pas nrig, busbar, raj, ntawv, sawb, phaj, lossis ntawv ci. Thoob plaws tag nrho xya hom C11000 cov khoom lag luam, tus hwm tau nthuav dav ntawm Q3 thiab Q4 ntawm 2026, tab sistsis uniformly. Ntawv ci thiab busbar widened los ntawm 21-22%. Phaj widened los ntawm 17%. Qhov cuam tshuam rau Q4 cov neeg yuav khoom yog tias LME cov kab khoom tsis yog tib qho kev sib tham - tus nqi hloov pauv tam sim no yog lub hom phiaj thib ob ntawm qhov kev tsocai.
Vim li cas Fabrication Premium Matters Tam sim no
Los ntawm thawj peb lub hlis twg ntawm 2026, zaj dab neeg tooj liab yog yuav luag tag nrho LME zaj dab neeg. LME 3-lub hlis nruab nrab rau 2026 tab tom khiav ntawm kwv yees$14,370 ib tonnes- txog41% saum toj nolub 2025 puv -xyoo nruab nrab. Rau pawg neeg yuav khoom nrog LME ruaj khov- ntxiv rau- daim ntawv cog lus zoo, LME kab yog qhov tsis hloov pauv thiab tus nqi tsim khoom yog qhov ruaj khov.
Qhov kev faib ntawd tsis huv lawm. Peb lub zog tau pib txav txoj kab hloov dua siab tshiab thiab:
Cov nqi zog.European zeb hluav taws xob thiab hluav taws xob hluav taws xob cog lus rov ua dua tshiab ntawm 2026 Q4 qib tau khiav 10-15% siab dua 2025 Q4. North American mills nrog daim phiaj-miv fais fab pom zoo sib xws. Asian mills nrog hydropower exposure yog insulated dua tab sis tseem them nyiaj ntau dua rau anode thiab natural gas.
Scrap rov qab economics.Cov nqi LME siab dua tau nruj hauv pem teb raws li No.1 thiab No.2 tooj liab seem. Mills uas suav nrog cov khoom seem sab hauv los pab txhawb cov khoom tseem ceeb tam sim no yuav tsum tau kos npe rau - rau - lag luam uas seem ntawm LME - cov nqi cuam tshuam, uas ua rau kev sib kis thiab thawb primes - cov nqi hloov pauv siab dua.
Mill peev txheej.Q4 yog lub caij nyoog ncov rau transformer, busbar, thiab hlau nplaum hlau xav tau. Mills nyob rau hauv cov ntu no tab tom ua haujlwm txuas ntxiv cov sij hawm ua ntej thiab ua qhov tseem ceeb dua -npib kub tshwj xeeb thiab kev ua siab ntev, uas ua rau nce tus nqi hloov pauv tus nqi txawm rau cov khoom lag luam.
Net result: covfabrication hwmrau qhov nruab nrab C11000 khoom daim ntawv dav dav los ntawmkwv yees li $150-$800 ib tonnesnruab nrab ntawm Q3 thiab Q4 2026. Daim duab hauv qab no suav cov ntawv hloov pauv los ntawm daim ntawv.
Lub Kaum Hli 2026 Market Snapshot
| Qhov taw qhia | Tus nqi (10 Oct 2026) | Nws txhais li cas rau C11000 |
|---|---|---|
| LME 3-hli tooj liab | $14,550 / tonnes | +$255.50 (+1.79%) rau hnub; +2.04% ntawm lub lim tiam |
| LME nyiaj ntsuab vs 3-hli | +$10-14/tonne | Rov qab me ntsis; sai cathode tseem nruj |
| 2026 LME YTD nruab nrab | ~ $14,370 / tonnes | +41% piv rau 2025 puv -xyoo nruab nrab |
| 2025 LME tag nrho -xyoo nruab nrab | $10,180 / tonnes | Kev siv lub hauv paus rau kev sib piv YoY |
| Yangshan tooj liab hwm | ~ $120 / tonnes | Tawm ntawm lub Cuaj hli siab tshaj ntawm $ 124; Asia lub cev xav tau tseem ruaj khov |
| LME warehouse stocks | ~ 242,975 tons | Tshaj tawm - hnub so poob; nruj ex-Asia |
| COMEX tooj liab stocks | ~ 700,000 tons | Los ntawm 762,000-tonne lub Cuaj Hli Ntuj |
| Teb Chaws Asmeskas Tshooj 232 tooj liab - hnub kawg ntawm tariff | Soft No (30 Sep 2026) | Tsis muaj lub luag haujlwm txwv; kev tshuaj xyuas tseem qhib |
| Chilean tooj liab-kub kuv | Thawj - puas tau tawm tsam txij li 7 Lub Kaum Hli | Ntsiav tshuaj txaus ntshai; refined cuam tshuam hauv 2-4 lub lis piam |
Lub takeaway: LME kab yog nce thiab nruj, tab sis covregional hwmyog ruaj khov thiabfabrication hwmyog tam sim no widening. Kev sib xyaw ua ke txhais tau hais tias C11000 invoices hauv Q4 tau raug tsav los ntawm tag nrho peb txheej ib txhij, tsis yog cov xov tooj LME xwb.
C11000 Sib npaug Qib Module
C11000 yog tus neeg ua hauj lwm electrolytic tawv pitch (ETP) tooj liab qib, teev raws li99.90% Cu yam tsawg kawg nkausnrog oxygen tswj nyob rau hauv 0.02-0.04% tawv- suab ntau. Tib chemistry yog hais txog nyob rau hauv ntau lub teb chaws tus qauv. Rau cov pab pawg muag khoom uas tau txais cov duab kos qhia ib qho kev xaiv thiab xav tau los ntawm cov mills tau lees paub rau lwm tus, cov lus hauv qab no qhia txog qhov sib npaug.
| Qhov system npe | Qib code | Lwm cov npe | Cov ntawv tseem ceeb |
|---|---|---|---|
| UNS (USA) | C11000 | Electrolytic Tough Pitch (ETP) | ASTM B152, B187, B49, B280 puag qib |
| EN (Tebchaws Europe) | CWJ 004A | Cu-ETP | EN 1652, EN 12163, EN 12449 |
| GB / T (Tuam Tshoj) | T2 | - | GB/T 5231, GB/T 1527/1530/2040 |
| JIS (Nyiv) | C1100 | - | JIS H3100, H3200, H3300 |
| DIN (Lub teb chaws Yelemees) | 2.0065 | E-Cu58 | Daim ntawv pov thawj: DIN 1787 / EN 13601 |
| BS (UK) | C101 | - | TS EN 1652 |
| ISO | Cu-ETP | - | TS EN ISO 1336 |
Rau brazed lossis hydrogen-kev siv huab cua, qhia meejC12200 (DHP) instead; residual oxygen in C11000 can cause hydrogen embrittlement at the joint. For applications requiring higher electrical conductivity (>101% IACS) lossis kev ywj pheej los ntawm oxygen, qhia meejC10200 (OFHC)los yogC10100 (TSI).
Fabrication Premium Ladder los ntawm Daim Ntawv Khoom - Q3 vs Q4 2026
Tus nqi tsim khoom yog cov kab sib tham tshaj plaws ntawm C11000 invoice. Nws kuj yog qhov sib txawv tshaj plaws. Daim ntawv qhia hauv qab no qhia tau hais tias Q3 nruab nrab- taw tes thiab Q4 qhov taw qhia nruab nrab- taw tes rau xya hom khoom lag luam, txheeb los ntawm qhov muaj txiaj ntsig zoo tshaj plaws (siab tshaj plaws saum toj).
C11000 fabrication premium by product form: Q3 (Aug-Sep 2026) typical mid-point vs Q4 (Oct 2026) indicative mid-point. Cov nqi them nqi hauv USD ib tonne tshaj LME Cu nyiaj ntsuab lossis 3-hloov pauv. Sab xis- txhais tes kem qhia Q3-rau-Q4 qhov nthuav dav feem pua. Ntawv ci thiab busbar widened ceev tshaj plaws; phaj widened qeeb tshaj plaws.
| Yam khoom | Q3 raug hwm (USD / t tshaj LME Cu) | Q4 qhov taw qhia hwm tus nqi (USD / t dhau LME Cu) | Q3 → Q4 widening |
|---|---|---|---|
| Ntawv ci (dov, <0.1mm) | $3,800 | $4,600 | +21% |
| Tube (kho, kav dej / ACR) | $2,700 | $3,200 | +19% |
| Sawb (precision, <3 hli) | $1,600 | $1,900 | +19% |
| Daim ntawv (txias- dov, > 3 mm) | $1,400 | $1,650 | +18% |
| Phaj (hnyav,> 6mm) | $1,200 | $1,400 | +17% |
| Busbar (rectangular, dov) | $900 | $1,100 | +22% |
| Hlau pas nrig (8mm, nruam nruam) | $700 | $850 | +21% |
Tus qauv yog qhia. Ob daim ntawv nrog qhov feem pua qhov loj tshaj plaws nthuav dav -busbar (+22%)thiabfoil (+21%)- yog nyob rau ntawm qhov kawg ntawm cov complexity spectrum. Busbar yog ib qho yooj yim zoo li tab sis qhov surge nyob rau hauv transformer thiab cov ntaub ntawv -centre xav tau nruj dov -mill muaj peev xwm. Cov ntawv ci yog qhov nyuaj tshaj plaws thiab lub zog tshaj plaws - siv zog los tsim. Ob leeg nthuav dav sai dua qhov nruab nrab.
Tube thiab stripwidened los ntawm 19%. Tube xav tau yog tsav los ntawm cov kav dej retrofits, ACR (cua-cua txias thiab tub yees) buildouts, thiab cua sov- hloov twj tso kua mis. Txoj kev xav tau yog tsav los ntawm EV roj teeb connectors, transformer windings, thiab precision electronics.
Phaj thiab daim ntawvnthuav qhov tsawg kawg nkaus (17-18%). Cov no yog cov ntaub ntawv siab tshaj plaws -, thiab cov mills uas tsim lawv muaj peev xwm ruaj khov tshaj plaws. Lawv kuj yog cov ntaub ntawv uas LME kab yog qhov loj tshaj plaws ntawm daim ntawv them nqi kawg, yog li LME txav mus ua haujlwm ntau dua ntawm tus nqi xov xwm.
Rau ibC11000 hlau qws buyer, tus naj npawb xov tooj tseem ceeb tshaj qhov nqi hloov dua siab tshiab. Rau ibC11000 daim ntawv yuav, tus nqi hloov dua siab tshiab tuaj yeem yog peb lub hlis twg ntawm daim ntawv them nqi.
Daim ntawv-los ntawm-Form Q4 Procurement Notes
Hlau pas nrig (8mm, nruam nruam)
Daim ntawv yooj yim tshaj plaws los ua - ib qho kub ib zaug- dov dhau los ntawm kev nruam- nrum bar - thiab daim ntawv nrog tus nqi qis tshaj hloov dua siab tshiab. Q4 widening tau tsav los ntawmscrap-backfeed kev lag luam: LME tus nqi siab dua tau tsa hauv pem teb raws li No.1 tooj liab seem, compressing lub zeb sab hauv cov npoo thiab thawb tus prime-quoted conversion premium dua. Cov sij hawm txhuas rau tus qauv 8 hli pas nrig yog tam sim no6-8 lub lis piamrau Q1 2027 qhov chaw xa khoom.
Busbar (rectangular, dov)
Busbar yog geometrically yooj yim tab sis logistically nruj. Q4 widening tau tsav los ntawmtransformer thiab cov ntaub ntawv -qhov xav tauuas tau rub dov -mill peev mus rau pem hauv ntej. Tin-plated busbar nqa ib qho ntxiv$200–$400/tdhau liab qab. Silver-plated ntxiv lwm tus$1,500–$2,500/t. Yog tias koj daim duab qhia txog plating, ntsuas tus nqi plating cais ntawm tus nqi tooj liab.
Phaj (hnyav,> 6mm)
Phaj yog daim ntawv feem ntau raug rau covhauv av tsheb npav, switchgear, thiab loj transformerkawg -kev lag luam. Q4 kev thov yog ruaj tab sis tsis nruj raws li cov sawb thiab cov raj ntu. Cov neeg yuav khoom phaj muaj lub zog tshaj plaws los sib tham txog tus nqi hloov pauv hauv Q4, vim tias LME kab yog qhov loj tshaj plaws ntawm daim ntawv them nqi thiab cov mills txaus siab txo cov kev hloov pauv kom yeej qhov ntim.
Daim ntawv (txias- dov, > 3 mm)
Daim ntawv yog ib daim ntawv ua haujlwm siv hauv vov tsev, cladding, busbar jacketing, thiab dav fabrication. Q4 widening yog nruab nrab. Cov neeg yuav khoom yuav tsum tau them sai sai rautemper specification: daim duab qhia tias H02 (ib nrab- nyuaj) piv rau H04 (tag nrho- nyuaj) piv rau O60 (mos annealed) hloov pauv tus nqi hloov pauv los ntawm5–15%. Yog tias koj daim ntawv thov tso cai, qhia los ntawm hardness ntau yam tsis yog los ntawm lub npe muab lub zeb yooj yim xaiv txoj kev pheej yig tshaj plaws.
Sawb (precision, <3 hli)
Sawb yog qhov siab tshaj plaws - daim ntawv ua tiav thiab ib qho uas raug tshaj plawsEV roj teeb, transformer winding, thiab electronicsxav tau. Q4 nthuav dav tau tsav los ntawm kev txwv tsis pub muaj peev xwm ntawm qhov tseeb txias - dov mills. Kev kam rau siab thiab nto- qhov yuav tsum tau ua tiav tseem ceeb: ± 0.02 mm kam rau ua nrog daim iav tiav tuaj yeem ntxiv lwm qhov15–25%mus rau tus nqi hloov dua siab tshiab.
Tube (kho, kav dej / ACR)
Tube xav tau nyob rau hauv Q4 yog tau tsav los ntawm lubCov kav dej rov qab ua haujlwm, ACR (cua-cua txias thiab tub yees) tsim tawm, thiab cov cua sov- hloov pauv. Kos lub raj yuav tsum muaj ntau yam khaub thuas- kos duab hla thiab nruab nrab anneals, uas yog vim li cas tus nqi hloov dua siab tshiab nyob hauv nruab nrab ntawm tus ntaiv. Kos lub raj coj lub sijhawm tam sim no10-14 hnubrau qhov ntau thiab tsawg;14-20 hnubrau tsis yog-tus qauv lossis siab-siab ACR specs.
Ntawv ci (dov, <0.1mm)
Ntawv ci yog daim ntawv nyuaj tshaj plaws thiab ib qho nrog qhov loj tshaj plaws kev hloov dua siab tshiab hwm. Q4 widening tau tsav los ntawmnqi zog(foil dov yog ib qho ntawm lub zog tshaj plaws - cov txheej txheem tooj liab hnyav) thiab los ntawmEV roj teeb, lithium{0}}Ion tam sim no collector, thiab hluav taws xob tiv thaivxav tau. Ntawv ci kuj yog daim ntawv feem ntau raug rauseem poob: ntug trim los ntawm cov txheej txheem dov rov qab mus rau lub khw muag khoom yaj, thiab cov khoom seem yuav tsum tau muab cim rau -rau-kev ua lag luam ntawm LME- cov nqi cuam tshuam, uas txhawb nqa tus nqi hloov pauv hloov pauv.
Q4 Kev Ua Haujlwm Zoo los ntawm Daim Ntawv
Rau C11000 cov neeg yuav khoom tswj hwm Q4 siv thoob plaws ntau hom khoom, tsib lub ntsiab lus tawm tswv yim sawv tawm:
Sib tham txog tus nqi hloov dua siab tshiab cais los ntawm LME clause.Ib tus lej LME + premium yog yooj yim tab sis zais tus nqi hloov pauv. Nug rau ob tus lej tawg tawm, thiab ntsuas tus nqi hloov pauv raws li daim ntawv - tshwj xeeb hauv kab lus no.
Xauv Q1 2027 ntim tam sim no ntawm cov ntawv nruj.Ntawv ci, raj, thiab busbar txhuas lub sij hawm txuas ntxiv. AQ1 2027 qhov chaw xa khoom xaj thaum Lub Kaum Hli ruaj khov rau daim ntawv teev npe ntau lawm.
Qhia temper los ntawm hardness range, tsis yog los ntawm lub npe.H02 vs H04 vs O60 hloov pauv tus nqi hloov pauv los ntawm 5-15%. Ib daim duab uas tso cai rau "ib nrab- nyuaj, 60–75 HV" muab lub zeb rau txoj kev pheej yig tshaj plaws.
Nug txog scrap backfeed economics.Ib lub zeb uas ua haujlwm siab hauv seem rov qab tau cov paj uas tus neeg yuav khoom tsis tuaj yeem pom ntawm daim ntawv them nqi. Yog hais tias lub zeb qhov seem piv yog siab, tej zaum yuav muaj chaw rau kev sib tham txog tus nqi hloov dua siab tshiab downward.
Sib cais plating thiab kam rau ua los ntawm tus nqi tooj liab.Tin-plating, nyiaj-plating, thiab nruj- cov ntsiab lus siab ntev tuaj yeem ntxiv 10-25% rau tus nqi hloov pauv. Sib tham lawv raws li cov kab sib cais kom cov tooj liab-thiab-fab fab ntawm daim ntawv them nqi nyob twj ywm pom.
FAQ
Q: Puas yog tus nqi tsim khoom zoo ib yam li cov nqi hauv cheeb tsam?
A: Tsis yog. Tus nqi them hauv cheeb tsam suav nrog kev thauj khoom, kev tuav pov hwm, nyiaj txiag, thiab kev xa khoom xa tuaj kom tau txais cathode los ntawm lub tsev rau khoom mus rau tus neeg tsim khoom. Tus nqi tsim khoom yog tus nqi ntawm kev hloov cathode rau hauv daim ntawv C11000 tiav. Ua ke lawv tsim cov "mill xa" feem ntawm C11000 invoice; LME kab yog qhov thib peb.
Q: Vim li cas tus nqi tsim khoom sib txawv ntawm cov hlua hlau thiab ntawv ci?
A: Kev poob qis, lub zog siv zog, thiab tus lej ntawm cov txheej txheem. Hlau pas nrig yog ib qho - kis kub- cov khoom dov nrog ~ 98% tawm los. Cov ntawv ci yog ntau yam- dhau txias- cov khoom dov nrog lub zog- hnyav nruab nrab anneals thiab ntug- trim seem ntawm txhua qhov sawv. Cov tawm los thiab lub zog sib txawv qhia ncaj qha rau hauv tus nqi hloov dua siab tshiab.
Q: Puas yog tus nqi tsim khoom yuav nthuav dav rau Q1 2027?
A: Nws nyob ntawm tus nqi hluav taws xob thiab qib LME. Yog tias LME Cu nyob siab dua $ 14,000 / t thiab cov ntawv cog lus hluav taws xob tuav nyob ze rau theem tam sim no, tus nqi hloov pauv yuav zoo li nthuav dav ntxiv 5–10% hauv Q1 2027. Yog tias LME kho rau $ 13,000– $ 13,500 / t, cov nqi hloov pauv yuav zoo li tuav.
Q: Kuv puas yuav tsum kaw daim ntawv cog lus 6- hli lossis 12 lub hlis tam sim no?
A: Daim ntawv cog lus ruaj khov - nqe lus kaw qhov kev siv LME thiab tus nqi hloov pauv ua ke. Nyob rau hauv ib puag ncig tam sim no, qhov upside yog kev tiv thaiv ntxiv LME nce. Qhov downside yog ploj lub sijhawm yog LME kho. Tus txheej txheem txoj hauv kev yog ntab -LME daim ntawv cog lus nrog tus nqi hloov pauv ruaj khov - qhov no ntes LME txav mus rau ob qho kev qhia thaum kaw cov kab koj tuaj yeem sib tham tau tiag tiag.
C11000 Cov Khoom Muag Khoom Muag
Peb muab C11000 electrolytic tawv pitch tooj liab hla txhua yam khoom loj. Cov txheej txheem ntau lawm yog qhia hauv qab no; tsis yog - qhov loj me, tempers, thiab nto tiav yog muaj nyob rau ntawm kev thov.
| Yam khoom | Qhov ntau thiab tsawg | Temper / tiav | Cov qauv |
|---|---|---|---|
| C11000 hlau pas nrig | 8mm nruam nruam | Raws li - kos | ASTM B49; EN 1977; GB/T 3952 |
| C11000 tsheb | Thickness 3-20 hli, dav 20-200 hli | H02 (ib nrab- nyuaj); tin-plated, nyiaj-plated yeem | ASTM B187; EN 13601; GB/T 5585 |
| C11000 daim ntawv thiab phaj | Thickness 0.5-50 hli, dav mus txog 1,500 hli | O60 / H02 / H04 | ASTM B152; EN 1652; GB/T 2040 |
| C11000 kab | Thickness 0.1-3.0 hli, dav mus txog 600 hli | O60 / H02 / H04; precision tolerances muaj | ASTM B152; EN 1652; JIS H3100 |
| C11000 tube (kho) | OD 4-100 hli, phab ntsa 0.5-5.0 hli | O60 (ntxiv rau); H58 rau ACR | ASTM B88, B280; EN 1057; GB/T 18033 |
| C11000 foil | Thickness 0.01-0.1 hli | O60 (mos annealed) | ASTM B370; TS EN 1652 |
Txhua daim ntawv xa tuaj nrog daim ntawv pov thawj tag nrho cov ntawv pov thawj zeb thiab tuaj yeem muab nrog rau thib peb -kev tshuaj ntsuam xyuas, daim ntawv qhia qhov ntev, thiab qhov chaw- ntawv pov thawj tiav thaum thov.
Thov ib tug C11000 Quote
Xa peb koj daim ntawv khoom, specification, kom muaj nuj nqis, thiab lub qhov rais xa khoom. Peb yuav xa rov qab cov lus qhia raug cai tsis pub dhau 48 teev, nrog rau LME siv, tus nqi hauv cheeb tsam, thiab cov nqi tsim khoom tawg tawm raws li cov khoom sib cais. Cov qib sib npaug (CW004A, T2, C1100, 2.0065, C101) muab raws li qhov zoo tib yam.
