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Both LME copper and SHFE copper futures continued to rebound
2020-4-17

The United States said it considered resuming production and the impact on imports of domestic recycled copper after the data of the epidemic dropped. Both LME copper and SHFE copper futures continued to rebound. The tight supply of domestic recycled copper stimulated electricity copper consumers to offer premium prices. The expansion of its consumption reduced Guangdong's inventory to more than 60,000 tons, but the sales of copper products were blocked. The 6.8% drop in GDP in the first quarter announced today put pressure on the market. In general, although the copper market showed a strong trend after delivery, it was necessary to prevent the pressure from winning profits under the epidemic.

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