Copper prices were lower by 80% in cable companies in early 2013

How is the recent copper price? 80% of wire and cable companies believe that the recent copper price will remain in order to maintain the trend of shocks.

This part of the company said that the recently released data on the US real estate market and personal consumption expenditures are all positive, and the domestic central economic conference emphasized that the promotion of new urbanization will give a certain boost to copper prices. However, the issue of reductions after the United States fiscal cliff negotiations reached an agreement and the debt crisis in Europe is still hazy, and the continuing downturn in China’s consumption is the biggest factor in the copper market’s pressure. At the same time, near the Spring Festival, the market funds are generally tight, and the spot premium gradually expands, indicating that the market supply and demand saw a sharp decline before the Spring Festival.

Another 20% of wire and cable companies said that it is hard to judge the recent copper price.