降息靴子落地供需稳定 废铜价格高位运行

Core Viewpoint - The recent 25 basis point interest rate cut by the Federal Reserve aligns with market expectations, leading to a stabilization in copper prices and a corresponding steadiness in scrap copper prices [1] Group 1: Market Dynamics - Scrap copper traders are currently selling at higher prices, resulting in a relaxed market supply [1] - The gap between refined and scrap copper prices is widening, enhancing the substitutability of recycled copper [1] Group 2: Profitability and Operations - The processing profits for companies have improved on a month-over-month basis, influenced by the upward movement in the anode copper market earlier in the week [1] - Operational activities are continuously recovering, indicating a positive trend in the industry [1] Group 3: Future Outlook - The marginal impact of policies on downstream processing enterprises for scrap copper is diminishing, suggesting strong demand resilience in the scrap copper market [1] - Given the macroeconomic cycle resonance, there is potential for a price rebound after the recent declines [1]