The influence or marginal weakening of copper on copper scrap in the pre-holiday period

Small and medium-sized merchants are ready to make the last working day or two of delivery and enter the clearing process
.
Near the end of the year, scrap copper quotations fell more or less, the national scrap copper upstream and downstream enterprises began to close one after another, and due to concerns about the new fiscal and taxation policies, this year's upstream and downstream enterprises have a low desire to replenish, the price reduction situation is obvious, and the overall market trading atmosphere is relatively sluggish
.
Some of the large copper mills are still quoting, mainly after the holiday, and the account period is longer
.
The sharp rise in Shanghai nickel on Thursday led copper prices to rise slightly, but most of the market has stopped work on holiday, highlighting that there is no market
.
The holder holds the goods and waits for the next year before selling
.

At present, copper mills are close to the end of the year, most companies will end purchases at the end of this week, it is expected that the price trend of scrap copper before the holiday or the trend of the futures market is "separated", although the recent monetary easing environment is favorable to commodities, but the impact of Shanghai copper prices on copper scrap may be marginally weakened, it is difficult to boost the actual transaction price, so the lack of market fundamentals support, it is not appropriate to chase too much before the holiday, should reasonably arrange pre-holiday inventory
.