Abstract According to a Bloomberg News report on July 6, European copper premiums are projected to increase by 50% this year, despite a drop in regional consumption. The price of copper at the Port of Rotterdam has climbed to $122.50 per ton, up from $115 last month and a significant jump from $80 at the start of the year.
The rise in copper premiums is being driven by tight supply conditions, particularly for scrap copper, as well as restrictions on the withdrawal of LME (London Metal Exchange) stocks. These factors have created a bottleneck in the market, pushing prices higher even as demand remains stable.
In Antwerp, Belgium, copper stock levels have more than doubled this year. The premium has also increased over the past month, mainly due to limited availability in the final two weeks of June and sustained demand from buyers. The current premium range stands at $120–$130 per ton, compared to $100–$130 in the previous month.
According to LME data, Antwerp holds 91% of Europe’s copper inventory. Bloomberg estimates that it would take over 100 days to fully withdraw the stock from the city, highlighting the deep backlog in the system.
Scrap copper supply is also constrained. Many consumers are holding onto existing inventories due to lower prices, which has further tightened the market. CRU analyst Lloyd noted that weak industrial activity—especially in construction—has contributed to the limited availability of scrap copper across Europe.
Last week, the LME announced a major overhaul of its inventory management system, aiming to address the long-standing issues of backlogs and inefficiencies. The exchange is urging stakeholders to support the proposed changes. If implemented, the plan could reduce the current delays and prevent new bottlenecks from forming.
The proposal specifically targets warehouses with metal extraction queues exceeding 100 days. These facilities will be required to meet new criteria, ensuring that the volume of metal leaving the warehouse exceeds the amount coming in. This move is expected to improve liquidity and stabilize pricing in the copper market.Weighing Cabinet With High Precision
Weighing cabinets are equipped with high-precision scales that can measure objects with extreme accuracy. These scales are often calibrated regularly to maintain their accuracy.
Temperature Control: To ensure accurate weighing results, weighing cabinets often have temperature control features. This helps to prevent fluctuations in temperature that can affect the accuracy of the scale.
Vibration Isolation: Vibrations can interfere with the accuracy of weighing. Weighing cabinets are designed to isolate vibrations, ensuring that the scale remains stable during the weighing process.
Draft Shields: Draft shields are used to protect the scale from air currents that can affect the weighing process. These shields create a still environment around the scale, ensuring accurate measurements.
Security Features: Some weighing cabinets may have security features such as locks or alarms to prevent unauthorized access and protect valuable equipment.
Customization Options: Weighing cabinets can be customized to meet specific requirements, such as size, scale type, and additional features.
Types of Weighing Cabinets
Product weight: 200KG
Dimension: 1372mm long; 593mm wide;1950mm high
Scale plate size: 200mm long; 338mm wide
Screen size: 10 inch touch screen
Product color: White yellow (customizable)
Capacity: 30 scales
Freight lane type: 6 floors * 5 lanes
Weighing sensor: A single weighing position can weigh up to 20 kg, a small weighing capacity of 5g, and an error of 1gram
Applicable system: optional card swiping, facial recognition, and fingerprint recognition
Power supply: AC220V/50HZ.No packaging required, can be weighed separately, and high-precision sensors automatically calculate weight
Open material requisition, convenient material requisition, and simple replenishment.Fasteners such as screws and nuts, various spare materials, and office supplies.Weighing cabinets, also known as balance enclosures or safety cabinets, are specialized pieces of laboratory equipment designed to provide a safe and controlled environment for precision weighing operations. These cabinets are particularly important when handling hazardous materials, such as powders, chemicals, or toxic substances.
Weighing cabinets protect the operator and the laboratory environment from exposure to hazardous materials.
Accuracy: The controlled environment within a Weighing Cabinet can help to ensure accurate and precise weighing results.
Compliance: Weighing cabinets are often required to comply with safety regulations and standards in industries such as pharmaceuticals, chemicals, and research.
Efficiency: By providing a dedicated space for weighing operations, weighing cabinets can improve efficiency and productivity in the laboratory.
Applications:
Pharmaceutical industry: Weighing cabinets are essential for handling and measuring pharmaceutical ingredients, ensuring product quality and safety.
Chemical laboratories: These cabinets are used for weighing chemicals and other hazardous substances in research and development settings.
Research laboratories: Weighing cabinets are valuable tools for scientists conducting various experiments and analyses.
Quality control: In industries where precision weighing is critical, such as food and beverage manufacturing, weighing cabinets are used for quality control purposes.
Types of Weighing Cabinets:
Standard weighing cabinets: These are general-purpose cabinets suitable for a wide range of applications.
Powder weighing cabinets: Designed specifically for handling powders, these cabinets often have specialized ventilation systems to prevent the spread of airborne particles.
Hazardous substance weighing cabinets: These cabinets are equipped with advanced safety features to protect operators from exposure to highly toxic or hazardous substances.
Factors to Consider When Choosing a Weighing Cabinet:
Safety requirements: Consider the specific hazards associated with the materials you will be handling and choose a cabinet that meets the appropriate safety standards.
Ventilation system: Evaluate the ventilation system to ensure it is adequate for your needs and complies with relevant regulations.
Size and capacity: Select a cabinet that is large enough to accommodate your weighing equipment and the materials you will be handling.
Ergonomics: Ensure that the cabinet's design is comfortable and ergonomic for the operator.
Additional features: Consider any additional features that may be beneficial, such as built-in lighting or power outlets.
By investing in a high-quality weighing cabinet, you can create a safe and controlled environment for your precision weighing operations, ensuring accurate results and protecting the health and safety of laboratory personnel.
laboratory equipment, safety cabinet, balance enclosure
Jiangsu Xicang Intelligent Technology Co., Ltd. , https://www.xciwarehousing.com