- 1 decade agoFavorite Answer
Since China government cancelled the export tax rebate, 358 drops continuously.
Expect it will keep on dropping because 內地宏觀調控 is coming very soon.
One of the reason is China Government states that they will 調控 those high polluted products incluing 銅, steel ....
However, due to the fact that the price of 銅 in China is much lower than the world market price, 358 probably has a strong support at 10.xx
It is not difficult to go up to 12.xx but seems you have to wait until the 3rd quarter.