In the past two days, the forward price has trended lower and higher, but it is only a technical repair after several consecutive days of decline.. At present, the arrival of resources in the Tianjin copper belt market is basically normal, but as downstream demand continues to be light, traders generally report that inventory pressure is increasing, and individual merchants have a larger discount range in order to stimulate shipments.
Therefore, there is no need to have too high expectations for the rebound of forward prices, and dealers are expected to exercise caution. It is difficult to change the trend of continued price decline. Because the current inflation situation is still severe, the market has a strong expectation copper wire transformer for austerity policies, and expectations of interest rate hikes are again worrying. The rainy weather that dominates the market has also hindered transactions, and demand has been somewhat restrained.Today, the domestic copper belt market is steadily falling
The continued investment enthusiasm of local governments and the gradual commencement of construction of affordable housing projects have increased the demand for steel; copper belt prices will continue to fluctuate upwards under the favorable support of the above, but the price of sheet metal will increase due to the decrease in demand of downstream automotive industries. It is estimated that from May to June 2011, the prices of wire rods in Guangzhou will continue to run at a high level due to rigid factors such as better market expectations, slightly increased engineering, improved demand, and high steel costs.
After the price fell, the market fell into wait-and-see, and merchants were not confident that the price reduction could promote transactions. The structural steel market in Shandong is generally stable and the transaction situation is general.. In this case, merchants generally feel the pressure is very high, so prices generally fall. On the 15th, the performance of the domestic copper strip spot market remained weak, of which the Nanchang market experienced a relatively large decline.
