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Copper prices rose first and then fell last week, as the domestic curb of the unreasonable rise in commodity prices, coupled with the Federal Reserve's discussion of tapering QE promoted the dollar rebound, under double pressure, curbed the rising atmosphere of copper prices, causing copper prices to fall
sharply since Wednesday.
At present, the main 2106 contract of Shanghai copper is reported at 71980 yuan / ton
.
Spot copper plummeted 3,000 yuan / ton from last Friday, and scrap copper fell about 1,000 yuan / ton
.
The difference between fine waste is about 2000 yuan / ton
.
In the case of copper prices rising slightly on Monday and Tuesday compared with the end of last week, the shipment volume of holders increased significantly, and downstream copper mills bought limited quantities and quickly filled up
.
On Wednesday evening, the news mentioned that the domestic curb of the unreasonable rise in commodity prices, causing copper prices to plummet continuously, causing market panic, some merchants reluctant to sell, and some holders of goods intensified their fear of falling, and due to factors such as capital flow, they sold goods at a low price
.
Under the plunge market, the morning market quotation is less and chaotic, and the downstream cautious just needs to close the material, continue to wait and see
.
At present, holders are waiting for the opportunity to sell inventory and pay close attention to market changes
.
In addition, it is learned that downstream enterprises in some areas have too large copper scrap arrivals in the field, but the overall downstream finished product orders are relatively light
.