The decline in scrap copper prices hit merchants' shipment sentiment

Copper futures affected by the hawkish news of the Federal Reserve, coupled with the outbreak of the epidemic at home and abroad, market worries drove copper prices down
.
The fall in scrap copper prices hit the sentiment of shipments, and the recent receipt of terminal manufacturers and traders is tense, at present, the scrap copper fine scrap gap has gradually returned, and the cable terminal consumption is slightly weak, but the manufacturers maintain the demand for scrap copper just need to be produced, and there is still a possibility
of price support in the recent narrowing of the refined scrap price difference.

It is understood that due to the epidemic, Henan's epidemic prevention and blockade policy has been strengthened, and the blockade in some areas of Changge has had a small impact on the supply of scrap copper, and the whole city of Zhengzhou implements closed-loop management, suspends passenger lines, and strictly prohibits all kinds of agglomeration activities
.
The closure of many high-speed ports in Jiangsu has a great impact on cargo transportation, among which Nanjing and Yangzhou are more serious, and many freight yards are closed and rested
.
The overall trading volume of the market is average
.
Foshan Dali Yayao began to carry out the waste market regulation and rectification activities since the 2nd, and the law enforcement team implemented power outages on 20 illegal business sites and ordered immediate rectification and relocation
.