10% Copper Wire Rod Plants Bullish toward Copper Prices, SMM Survey

SHANGHAI, Dec. 14 (SMM) - A recent SMM survey of 20 Chinese copper wire rod producers finds that 10% of them are optimistic toward copper prices, citing recent good news for market fundamentals.

There are 40% see copper price remain range-bound because investors are closing positions on copper futures at the year’s end. 25% expect copper prices to fall due to weak consumption and low operating rates at copper processors.The remaining 25% are uncertain of copper price trends. 

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