Market demand for copper. Generally speaking, the greater the demand, the higher the recycling price of copper scrap, and vice versa. This is actually not difficult to understand. With the increase of copper consumption in the market, the limited quantity of copper products is in short supply, and suppliers need to spend more financial resources to obtain more copper resources and process more copper products.
The acquisition of copper resources includes two aspects, one is the purchase of copper raw materials, and the other is the recovery of waste copper. When copper raw materials can no longer meet the market demand, the recycling of waste copper has become popular, and the recycling price has naturally risen.
Extended data:
Shanghai copper index shows that from February 4th, 65438 to February 7th, 65438+February 7th, 65438 +07, Shanghai copper futures began to rise continuously. For the depressed copper industry chain in the second half of the year, this has become a long-lost good news.
Changjiang Futures, Tianfeng Futures, jinrui futures and other institutions believe that the recent sharp rebound in copper prices is caused by the recovery of macro expectations, the low inventory and supply disturbance in fundamentals, and the strong bearish atmosphere in the superimposed market.
Copper is closely related to the economic cycle, commonly known as "Dr. Copper". The staged rebound of copper prices has also triggered the market's macroeconomic speculation next year. International financial institutions including Morgan Stanley, Bank of America and Citibank all have positive expectations for the improvement of the global economy. With the recovery of global demand, copper prices will "take off" and copper may become a hot trade in 2020.
People's Daily Online-Copper price rises strongly: How far is the "spring" of metal commodities?