作业帮麻烦翻译一篇文章,经济类,急!谢谢啦
来源：学生作业帮 编辑：作业帮 分类：英语作业 时间：2024/05/25 03:00:00
麻烦翻译一篇文章,经济类,急!谢谢啦
Scrap a greater constraint on Chinese production In November last year, Chinese smelters cut back production in response to the sharp fall in the prices of both acid and copper. Smelters have since adjusted to the current low acid prices, but those that treat a mix of raw materials (concentrates, blister and scrap) have reported that the lack of readily available scrap will lead to a shortfall in production, particularly at those facilities where scrap makes up a significant portion of the raw material mix. The trade data indicates that imports of scrap have fallen sharply in recent months. Although year-on-year comparisons were partly affected by the Chinese New Year, which fell two weeks earlier than in 2008, we know that in Q4 last year many scrap merchants ceased exporting to China after Chinese companies defaulted or postponed import agreements following the sharp decline in the price of copper. Scrap availability is still tight in China as we head into March. Scrap traders report that they are now paying a premium of US$100-110/t to secure no.2 scrap from the US market. As a result of these elevated scrap prices the profitability of secondary smelters has diminished and we understand that several of these smelters have had to reduce capacity or even close down. Both Ningbo Jintian and Shandong Jinsheng, two smelters that treat scrap, have reportedly closed recently. Another major smelter in Shandong province is reported to be operating at a very low level of 3,000t/m, far below its planned production of 14,000t/m. What is clear is that tightness in both the blister and scrap markets will hamper production and, on balance, this is likely to constrain output growth at the Chinese smelters.
Globally, there are no signs of any improvement in copper scrap availability. Scrap generation has dwindled in the face of sharply contracting manufacturing output (e.g. automotive and construction) and lower activity at semis facilities. Also, the incentive to collect and recycle post-consumer scrap has abated alongside the decline in the copper price. Furthermore, traders are not understood to be hoarding any significant level of inventories as was the case late last year. In Europe, the discount for No2 scrap has narrowed to €75-100/t, compared to levels of close to €150-175/t at the start of the year. Discounts in the USA have also narrowed to around 8-11¢/lb, while material for export was reportedly available at a discount of 2-3¢/lb.
Scrap a greater constraint on Chinese production In November last year, Chinese smelters cut back production in response to the sharp fall in the prices of both acid and copper. Smelters have since adjusted to the current low acid prices, but those that treat a mix of raw materials (concentrates, blister and scrap) have reported that the lack of readily available scrap will lead to a shortfall in production, particularly at those facilities where scrap makes up a significant portion of the raw material mix. The trade data indicates that imports of scrap have fallen sharply in recent months. Although year-on-year comparisons were partly affected by the Chinese New Year, which fell two weeks earlier than in 2008, we know that in Q4 last year many scrap merchants ceased exporting to China after Chinese companies defaulted or postponed import agreements following the sharp decline in the price of copper. Scrap availability is still tight in China as we head into March. Scrap traders report that they are now paying a premium of US$100-110/t to secure no.2 scrap from the US market. As a result of these elevated scrap prices the profitability of secondary smelters has diminished and we understand that several of these smelters have had to reduce capacity or even close down. Both Ningbo Jintian and Shandong Jinsheng, two smelters that treat scrap, have reportedly closed recently. Another major smelter in Shandong province is reported to be operating at a very low level of 3,000t/m, far below its planned production of 14,000t/m. What is clear is that tightness in both the blister and scrap markets will hamper production and, on balance, this is likely to constrain output growth at the Chinese smelters.
Globally, there are no signs of any improvement in copper scrap availability. Scrap generation has dwindled in the face of sharply contracting manufacturing output (e.g. automotive and construction) and lower activity at semis facilities. Also, the incentive to collect and recycle post-consumer scrap has abated alongside the decline in the copper price. Furthermore, traders are not understood to be hoarding any significant level of inventories as was the case late last year. In Europe, the discount for No2 scrap has narrowed to €75-100/t, compared to levels of close to €150-175/t at the start of the year. Discounts in the USA have also narrowed to around 8-11¢/lb, while material for export was reportedly available at a discount of 2-3¢/lb.
在去年11月在中国生产废弃更大的限制条件,由于在酸和铜的价格方面的剧降,中国冶炼者减少产量.冶炼者后来已经适应当今低酸价格,但是对待原料的混合(集中,水泡和废料)的那些 已经报告缺乏容易可得到的废料将在生产过程中导致缺少,特别是在那些设备,在那里废料构成原料的重要的部分混合.贸易数据注明废料的进口在近几个月已经明显地下降.与上年同期数字相比比较部分以春节影响虽然,更早下降二周比在2008年,我们知道去年在Q4里很多废料商人停止出口到中国,在中国之后公司继在铜的价格方面的急剧的下降之后不履行或者推迟进口协议.废料可用性在中国仍然紧是我们向3月前进当时.废料商人报告他们现在正支付要并不获得的一笔100-110美元/ t的保险费.来自美国市场的2种废料.由于这些提高废料价格,第二冶炼者的盈利已经减少,并且我们理解一些这些冶炼者必须降低能力或者甚至关掉.治疗废料的宁波Jintian和山东Jinsheng,两位冶炼者,最近据报道关闭.在山东省的另一位主要的冶炼者被报告在3,000远低于它的14,000 t/m的计划生产的t/m的非常低的水平操作.清楚的是在水泡和废料市场里的紧度将妨碍生产和,总的说来,这很可能在中国冶炼厂强制产量发展.
全球,没有在铜废料可用性方面的任何改进的迹象.废料代已经缩小在明显地收缩面前生产产量(例如 汽车和建设) 以及在semis 设备的更低的活动.此外,收集并且再循环消费者后废料的奖励已经在在铜价格方面的下降旁边减少.而且,商人没理解是招贴板存货清单的任何有效电平,去年年底这是情况.在欧洲,给No2那些折扣废料缩小5-100 / t,与相比各级接近于在这一年一开始的时候的50-175 / t.折扣在美国内也缩小8-11￠/lb的大约,材料给出口在2-3￠/磅的折扣据报道可提供当时.
全球,没有在铜废料可用性方面的任何改进的迹象.废料代已经缩小在明显地收缩面前生产产量(例如 汽车和建设) 以及在semis 设备的更低的活动.此外,收集并且再循环消费者后废料的奖励已经在在铜价格方面的下降旁边减少.而且,商人没理解是招贴板存货清单的任何有效电平,去年年底这是情况.在欧洲,给No2那些折扣废料缩小5-100 / t,与相比各级接近于在这一年一开始的时候的50-175 / t.折扣在美国内也缩小8-11￠/lb的大约,材料给出口在2-3￠/磅的折扣据报道可提供当时.