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The scrap copper market has not improved much this week compared to last week, as copper prices continue to be sluggish, and the scrap copper market supply and demand are still in a dilemma
.
It is understood that the difference between the north and the south has narrowed significantly, and the price of copper scrap has almost stagnated around
40,000.
The North China market is still plagued by environmental protection problems, the dismantling plant is closed, there is no stock to sell, and the recycler only purchases high-quality copper
scrap.
The situation in the southern market is similar to that in the northern China market, where the price of low-quality copper is depressed and the volume is small
.
Imported copper scrap has also been affected by environmental protection issues, and it is reported that Ningbo returned 82 tons of Venezuelan imported copper scrap, which exceeded the standard by 26 times
the radioactivity.
April copper scrap imports may no longer be as strong as
they were in the first quarter.
Copper prices failed to rebound, and holders remained reluctant to sell
.
At present, only retail investors and traders are trading normally, and the divergence between manufacturers and traders is large
.
However, at present, the price difference of refined waste is small, and manufacturers can purchase finished electrolytic copper as an alternative raw material, so it is still not ruled out that scrap copper will stagnate
during the rebound of copper prices.
