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The market is in the off-season, and the scrap copper market changes frequently

 Last Update: 2022-12-23
 Source: Internet
 Author: User

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Since November 26, affected by the new variant strain, causing some panic in the market, copper prices have continued to weaken, electrolytic copper fell 1510 yuan / ton, a decline of 2.
1%, and the price of bright copper in mainstream areas fell 800 yuan / ton, a decline of 1.
2%.

According to the data, since November 26, the fine waste difference has narrowed by 658 yuan / ton to 1404 yuan / ton, lower than the reasonable fine waste difference of 1410 yuan / ton
.

Under the premise of low refined waste difference, the profit margin of downstream waste processing enterprises is compressed, the procurement demand for scrap copper is significantly weakened, and the downstream waste processing enterprises are mainly based on on-demand procurement, the procurement quotation is low, and the transaction volume of the scrap copper market is also greatly reduced
.

At present, the scrap copper market is in the off-season, the market changes frequently, resulting in some scrap copper traders are not accurate, there are high prices to buy, low prices, and even losses, merchants are reluctant to sell mentality to form signs
of tight supply.

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