1.  scrap copper price trends

2. Trend chart of copper scrap, refined and scrap difference

3. Market transactions

4. Market Review

5. Market perspective

6. Forecast

Macroscopically, the U.S. Consumer Price Index (CPI) fell more than expected. In addition, the October PPI data also recorded the largest decline in 4 years. The overall inflation level may fall back. The U.S. has ended its interest rate hike cycle and the U.S. dollar index has fallen. In addition, Sino-U.S. relations The trend of warming continues, and the overall macro outlook is bullish for metals. Fundamentally, with the arrival of the domestic long-term order negotiation season, the spot premium in the market is still in a state that is easy to rise but difficult to fall. Coupled with the maintenance of some smelting companies, there may be a periodic shortage on the supply side in the future; the consumer side is growing slowly and will not fall. Seeing the obvious bright spots, perhaps more attention needs to be paid to the execution of early orders in November. It is expected that short-term copper prices will maintain a volatile and strong trend.