On April 23rd, the benchmark price of copper in SunSirs was 68900.00 yuan/ton, a decrease of -1.12% compared to the beginning of this month (69680.00 RMB/ton).
In summary, the expected certainty of copper supply increment is stronger than the certainty of demand recovery. High prices of copper continue to suppress demand performance, and the actual consumption power of the spot end has not recovered as much as in the first quarter. Downstream buying is not strong, spot trading is stagnant, and copper inventory destocking has slowed down. Overall, the short-term upward momentum of copper prices is insufficient, with prices mainly experiencing broad fluctuations.
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