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Copper prices fell into a wide range of fluctuations this week, spot copper fell 1150 yuan / ton compared with the end of last month, scrap copper fell about 600 yuan / ton, and the difference between refined waste prices shrank to around
1200 yuan.
After the sharp decline in macro-control prices at the end of last month, Shanghai copper fell into a wide range of shocks this week
.
The national epidemic spread again, Hebei and some severely affected areas in Jiangsu, the blockade policy aggravated and traffic was blocked, the payment rate of northern cable companies slowed down, and recycled copper manufacturers also showed signs
of slowing down downstream payments.
Coupled with the ups and downs and frequent changes in the market this week, scrap copper traders buy at high prices, low prices, and even losses, and the mentality of merchants is strong to form signs of tight supply, and the scrap copper market is in a downturn
.
At present, the processing profit of downstream manufacturers is still at a low level, and the price of copper scrap is reduced
under the condition of profit reduction.
It is understood that the limited electricity affects the domestic recycled copper rod wire drawing is suppressed, and the processing fee has increased slightly
.
