Copper Scrap Market⑦ The sense of oversupply of copper scrap has become even clearer--inventories are building up
09/14/2023 13:38
The oversupply in the copper scrap market has become even clearer. Although the occurrence of copper scrap continues to be low, the slump in actual demand is also serious, and inventories are building up throughout the supply chain. As China, the largest consumer of copper, has announced stock price measures, and the LME(cash) and Copper Japan Quote(JXmetals) have been firm, reflecting these measures, the scrap market price itself is showing a gradual strengthening trend. How long this price movement, which deviates from the actual supply-demand situation, will continue is now emerging as the focus for the immediate future.
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