Next week's waste Nonferrous metals market trend prediction
scrap copper
This week's scrap copper rose first and then fell, and the price comparison last Friday's fell about 1100 yuan. On Wednesday, the market rose , and traders sold goods at high prices, mainly by reducing inventory. On the evening of the same day, the Federal Reserve raised interest rates by 50 basis points, in line with market expectations. Copper prices fell sharply starting on Thursday, and the market trading atmosphere fell into a cold state. Some short order holders received the goods with a small price, attracting upstream delivery. In addition, the price difference between refined waste is around 800 yuan, and the advantage of scrap copper is reduced by , and the sales of downstream copper rod has decreased, inhibiting the purchasing enthusiasm of copper factories. As the end of the year approaches, some traders and copper factories are not optimistic about the future market trend and only have a small amount of inventory, is waiting for the possibility of further decline in copper prices. The main force of Shanghai copper is 64,000-66,000, and scrap copper is 59,500-61,000.
scrap aluminum
This week's scrap aluminum prices are high fell 100-200 yuan. Currently, the mainstream of aluminum alloy spraying old materials in East China is around 14400, broken bridge material is around 13200, can 12800, machine aluminum 14600, and aluminum wire 16800; the market circulation source is tightened, manufacturers receive more goods due to order reasons, and the market transaction price is relatively low, and many aluminum companies say that business is difficult to do; the market wait-and-see atmosphere is heavy, and aluminum prices are difficult to perform well, and the upward movement is insufficient. The decline in scrap aluminum may slow down significantly next week. It is recommended that holders quickly enter and exit, and it is not advisable to keep too much inventory.
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waste battery
lead price weakened within the week, 1# lead fell by last week 150 yuan/ton, and the price fluctuation of waste battery is relatively small. The current price of electric batteries in Anhui is around 9130-9230 yuan/ton, down by last week 20 yuan/ton. Last Friday night, the United States November Producer Price Index (PPI) rose more than expected. The market expressed concern about Federal subsequent rate hike . Shanghai lead dived sharply at night trading. fell to around 15,600. During the week, the Fed's December interest rate meeting and futures futures delivery for month. Lead prices weakened many times. At the same time, as domestic transportation resumed one after another, the arrival of some manufacturers improved. The price of waste battery fell significantly. The Federal Reserve's interest rate hike has now been implemented. It is expected that the price of waste battery may be a pullback next week.
waste zinc
This week, the main force of Shanghai zinc showed a volatile downward trend. During the week, fell for five consecutive times, and fell for the week, and fell by 3.50%. During the week, the Federal Reserve and the European Central Bank successively released hawks, and the market expects the global central bank to be easing . The global central bank will be easing . temperatures, putting pressure on metals. In China, the epidemic infection continues to expand, market demand declines, and short-term zinc prices are facing pressure to pull back. is expected to have a certain downward space in Shanghai zinc next week, with a reference range of 23,500-24,500.
