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LME copper continues to fluctuate within the range of 200 US dollars.
2020-5-7

Global measures to rescue the market compete with the risk pressure caused by the epidemic. LME copper continues to fluctuate within the range of 200 US dollars. Guangdong's electricity copper continues to suffer from a favorable quotation premium of less recycled copper and an increase in consumption and inventory, falling back to the level of about 37,000 tons. In the near future, under the influence of the epidemic, recycled copper will continue to suffer from a shortage of goods and prices. after entering may, the market expects that the weak global economy will exert upward pressure on the copper price after successive rounds. however, the steady increase in consumption due to the epidemic in China is a good factor for copper. It is expected that the short-term copper price will continue to fluctuate mainly in a narrow range under the pressure of high and low prices and wait for greater news stimulus.

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