The demand side dominates the market The price of copper scrap fluctuates greatly

At the beginning of the month, the scrap copper market rose and fell sharply, the price fluctuated greatly, the holders covered the goods and maintained a strong price attitude, and the market trading atmosphere gradually declined; It is also tracked that due to the impact of the new fiscal and taxation policies, most holders actively sold goods at the end of February, resulting in low supply inventory in the current market and obvious market rush.

In the middle of the month, Shanghai copper bottomed out, and prices rose, especially on March 18, which rose as much as 700 yuan / ton
.
The follow-up market continued to rise, and the shipment of cargo holders increased
.
However, due to the impact of the epidemic, many places had to temporarily suspend work, and the market highlighted the priceless market, especially Quanzhou Nan'an, Suzhou, Anhui Hefei, Shanghai and other places
.
In terms of quotation of copper mills in Hunan, the highest is mainly to complete orders, so the quotation on March 22 only stopped in five minutes, and the subsequent price returned to the market
.
With the tightening of Jiangxi's subsidy policy, the cost of copper factory ticket points has moved up, and the competitive advantage has declined
.

On the morning of March 25, the Baoding market traded 40 tons
at 66,700 yuan / ton.
The epidemic continues to ferment, many places have entered the control and control, the outflow of resources is difficult, coupled with the recent continuous rise in the market, the supply is tight, and copper mills in Jiangxi and other places passively raise prices to keep up
.
In addition, due to the short order in Linyi in the early stage, traders received the goods at a high price, and the price was once reported to 67200 yuan / ton
.
Although Taizhou has recently been affected by the epidemic and the market is out of stock, the new policy tax increases the cost of copper mills, and the transportation cost increases, until the actual transaction price is lower than the market quotation, and there is a price reduction
.

In the short term, the demand side dominates the market, specifically, smelter inventories are low, social stocks are destocked, spot resources continue to be exported, spot supply side continues to be slightly tight in the short term, demand side for high-price consumption is weak, the transaction is significantly weakened, resulting in weak plates and premiums, and it is expected that the premium will be narrowly sorted out
.