The source of copper scrap is still small and the price is relatively firm

Shanghai copper rushed back down this week, bottomed out near the weekend and stabilized, and the volatility of copper
prices expanded during the week due to fluctuations in other varieties and the hawkish Fed.
Weekly spot copper rose by about
60 yuan.

The weekly supply is still small, to the price of the goods
.
In terms of copper factories, Henan Xinxiang and Hubei offer higher prices, attracting traders from Linyi Metal City to deliver goods
.
Among them, the copper factory in Xinxiang area of Henan Province buys about 200-300 yuan higher than the market price for large households
.

It is understood that in terms of the inventory of copper plants, the overall end of March is low, and the inventory of copper mills in Jiangxi, Hubei, Hebei and Tianjin as of early April is close to the bottom, which is obviously affected by the epidemic
.

After the landing of Document No.
40, there were concerns about the VAT refund ratio in Jiangxi, and the output of copper rods did not return to the level of the same period of previous years
.
The copper factory in Langfang area of Hebei Province began to stop production in mid-March due to the impact of the epidemic, and the start of work in Hubei increased significantly due to production requirements; Copper mill processing fees in areas without policy subsidies have generally risen
.

In addition, the epidemic situation has been repeated, and at present, Linyi, Hebei, Jiangxi, Foshan and other places require 48 hours of nucleic acid and personnel, vehicles and other information reporting for entering and
exiting trucks.