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Market wire in Nanhai metal scraps market in the morning
2020-1-21

Jan 21 (LTIT) –In the absence of more news and on the premise of factory enterprises entering the holiday period, most of the funds are short-term or on the sidelines. Before the holiday, copper futures fell slightly and fluctuated in the 49000 range. LME copper also fell due to the pressure of lack of consumption in China, but it is still in the 6200-6300 USD range, and the funds are basically waiting for more news guidance. Judging from the recent situation, domestic demand is cold and cheerless due to annual leave, while international news does not have too many factors for the time being. It is expected that the short-term copper price trend will be slightly weaker repeatedly but the upward and downward ranges are not large.

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