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Market wire in Nanhai metal scraps market in the morning
2019-12-25
Dec 24 (LTIT) –Outside the Christmas holiday closed, domestic copper futures continued to rise slightly thanks to policies and measures to continue to strengthen the market's capital circulation to stimulate the economy. Although there were rumors of large-scale production cuts that gave a slight boost to prices, under the pressure of weakening demand at the end of the year, the capital also only dared to take short-term operations, with the main copper futures contracts surging at the 49500 level. From now on, it will end in a few days and enter 2020. Market demand will enter a weak mode. Whether the stock preparation can be started years ago depends on the news and the price trend. It is expected that the fluctuation range will not be too large in the short term under the influence of the lack of more news. The market is also concerned about the impact on the market caused by the increase in the number of six types of approvals and the import cost in the new year.
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