[electrical conference] Ye Jianhua, director of Shanghai Nonferrous Network big data, analyzed the future prospect of electrolytic copper under the background of "Golden Nine Silver Ten". Ye Jianhua pointed out that in the first half of the year, high copper prices squeezed a large number of huiyi recycled copper channel inventory outflow, superimposed Jiangxi area recycled copper consumption expanded too fast, aggravating the elasticity of recycled copper supply in the second half of the year. The virus is rampant to restrict the production and transportation of scrap copper in Malaysia, coupled with strict customs inspection, the amount of imported recycled copper is weaker than the previous month. In the first half of the year, the high copper price squeezed the inventory out of the channel, and the elasticity of supply weakened obviously in the second half of the year.
Industry Watch | tight supply overlaps demand peak season analysts: aluminum prices or high upside_SMM
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