Latest Update in the China Copper scrap Market

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on January 15, 2021

The dollar drifted lower on Thursday in choppy trading, after Federal Reserve Chair Jerome Powell struck a dovish tone, saying the US central bank is not raising interest rates anytime soon and rejecting suggestions the Fed might start reducing its bond purchases in the near term.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on January 14, 2021

The US dollar advanced across the board on Wednesday, shaking off the weakness of the previous session, as it continued its recent rebound from last week's near three-year low.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on January 13, 2021

The US dollar edged lower against a basket of currencies on Tuesday, as its recent rally, driven by a spike in US Treasury yields, appeared to run out of steam.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on January 12, 2021

 In December 2020, Producer Price Index (PPI) for manufactured goods dropped by 0.4 percent year on year and rose by 1.1 percent month on month.