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Market wire in Nanhai metal scraps market in the morning

Dec 10 (LTIT) –Thanks to China's copper import data, the domestic copper price continues to make an upward breakthrough. This time LME copper rose above 6,000 U.S. dollars. The domestic copper price showed obvious strength in the balance before the change of reaction. Funds paid more attention to the pursuit of the copper market under the basic preference of low copper inventory and so on. As a spot trader, most of these two days have been dominated by profit-making operations under the rare soaring market. There are also some traders and factory enterprises that are bullish on the follow-up trend. As SHFE copper futures increased their positions under the soaring market this time, they have a certain degree of confidence in the rising market. However, users are under partial pressure in their purchase operations due to orders and demand problems and worries about their sustainability. The desire of delivery of goods is not too strong. Judging from the current situation, the rise in domestic copper has shown a strong strength, and after a long period of low price balancing, the rebound in copper has boosted the market a year ago, while the lack of supply of six types of recycled copper has also promoted the consumption of electric copper to some extent. It is expected that the subsequent trend of copper price may have some profit-making operations, but judging from the current situation, there is a chance to continue to break through upward, with the next target being 48800-49000.

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