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Orders are relatively light The overall transaction volume of the scrap copper market is average

 Last Update: 2022-12-22
 Source: Internet
 Author: User

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This week, copper prices first fell and then rose, and the current Shanghai copper 2106 contract fell at 73120 yuan / ton
.
Spot copper rose 1,500 yuan / ton from last Friday, and scrap copper rose about 200 yuan / ton
.
The fine waste difference on Friday rose from 2,000 yuan / ton on Friday to 3,300 yuan / ton, and the price advantage of copper scrap is obvious
.

Copper scrap

This week, the State Council repeatedly named commodities and suppressed copper prices, until Biden proposed a plan to boost infrastructure this Friday, causing copper prices to rise
sharply today.
Due to the pressure on copper prices in the past few days, the fear of falling sentiment of holders has intensified, and they have reduced their holdings and sold off a lot, resulting in limited inventories in the past two days
.
As a result, copper prices rose sharply on Friday, and there was no goods available for merchants
.

In the case of a sharp decline in the market, traders are more affected, and it is understood that some traders in the market have underpaid short orders
.
Downstream copper enterprises arrived more in the past few days, and manufacturers in some areas have queued up to unload trucks
.
And learned that the price of finished products is not good to fall, and the order is relatively light, are actively looking for downstream channels
.
The overall trading volume of the market is average
.

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