In recent years, the import policy of copper scrap has become increasingly strict. After the ban on the import of seven types of copper scrap in 2018 and the conversion of the six types of scrap to restricted imports in 2019, China's copper scrap imports have also dropped from 3.558 million tons in 2017 to 2018. 1.496 million tons. On December 31, 2019, the rules for the standards for recycled brass raw materials and recycled copper raw materials were announced. The standards set out detailed regulations on the copper content, metal recovery rate, and inclusion content of recycled copper raw materials. After the official implementation of the standard on July 1, 2020, companies can import raw materials in two ways. By the end of 2020, the import of solid waste will be prohibited. "Raw materials" are imported into China as raw materials. By then, the definition of "scrap copper" will disappear, and "recycled copper" will be on the stage of history. The recycled copper defined as raw materials will not be managed as solid waste, but will be included in the general raw material import management category to ensure that high-quality metal raw materials can enter The domestic market to make up for the shortage of metal resources in my country.

On May 21st, the 2020 China Two Conferences kicked off. This year is the year when China will build a moderately prosperous society, fight decisively to fight poverty, and end the 13th Five-Year Plan. The two sessions of China held in a special period are destined to attract global attention. At the same time, economic development goals, tax cuts and tax cuts, fiscal policies, and new infrastructure have also become hot spots of market concern.

Since the outbreak of the epidemic, the actual output of refined copper in the first quarter of China's copper smelting enterprises has decreased significantly due to the reduction in production days; in the second quarter, due to the well-controlled epidemic, copper smelting enterprises recovered quickly, so the output began in the beginning of the second quarter Pick up. When copper companies wanted to make efforts to produce, the outbreak of overseas epidemics caused copper mining companies to reduce or suspend production, resulting in a tight supply of copper mines, which once restricted the increase in the capacity utilization rate of Chinese copper companies, which led to a decline in China's copper market output in the second quarter trend.