Due to the tight supply of recycled copper and the favorable situation of high price and small gap between electricity and copper, electricity and copper in Guangdong has been in a continuous decline, dropping close to 30,000 tons, about 70% lower than the 100,000 tons after February, and the steady demand for domestic epidemic situation is gradually increasing, which makes the goods holders offer premium prices most of the time and the transaction is stable. Judging from the recent situation, the economic data at home and abroad are weak and basically within the market expectations. However, the favorable global rescue economy and the small increase in domestic short-term recycled copper imports are all good fundamentals of copper. It is expected that the recent trend of copper price is still slightly stronger than the repeated trend, but some profit-making operations should be paid attention to.
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