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The supply of scrap copper remained tight and the overall transaction during the week was acceptable

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

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This week, Shanghai copper first fell and then rose, and as of today's close, the main 2110 contract of Shanghai copper closed at 70080 yuan / ton
.
Spot copper rose 580 yuan / ton compared with last Friday, scrap copper fell by about 400 yuan / ton, and the difference in refined waste prices rose back to around
1,000 yuan.

Copper scrap

Domestic scrap copper supply maintained a tight situation, large traders in Foshan area arrived scarcely, the overall scrap copper supply is less than half of the peak season, but there are signs of supply easing at present, the overall supply in the northern region began to show signs of relief, and the available inventory of manufacturers increased
.

Approaching the traditional domestic peak season, the downstream terminal demand has not yet fully exerted, and the traditional peak season effect is limited, but the demand for supply at the recycled copper processing end has increased, and the price of scrap copper may
continue to rise.
The sharp rise in copper has led to an increase in the activity of the scrap copper market, further opening up the profit space of recycled copper prices, and the overall transaction during the week is acceptable
.

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