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LME copper hovered not far above US$ 5,000
2020-4-24

Crude oil continued to rebound and the United States continued to increase rescue funds to support the rebound in copper prices. LME copper hovered not far above US$ 5,000, while domestic copper futures rallied below 42,000, coupled with worries about the global economy. Copper prices did not fluctuate much on Friday. Guangdong's spot copper is popular in the settlement cycle and the shortage of recycled copper, and the premium is close to that of 300 yuan. However, copper manufacturers mostly purchase on demand, lacking the desire to chase after goods in a relatively turbulent situation and paying attention to the impact of subsequent news coverage.

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