Interest rate cut shoes fall to stabilize supply and demand, copper prices continued to run at high levels.

Last week, the Federal Reserve cut interest rates by 25 basis points, in line with market expectations. Copper prices have stabilized, and scrap copper prices have also remained firm. Analysis from Zhuochuang Information shows that current scrap copper holders are selling at higher prices, market supply is ample, downstream refined scrap price differentials are widening, recycled copper substitution is increasing, and short-term supply and demand are active. Currently, processing profits for businesses have improved, and profits for electrolytic copper have been influenced by the upward trend in the first half of the week, with continued recovery in production. Looking ahead, the marginal impact of policies on downstream processing companies of scrap copper is weakening, so the demand for scrap copper market is relatively strong in the future. Considering the resonance of the macro cycle, there is a possibility of price stabilization and rebound.