Under the new environment of copper supply and demand, analysis of the status quo of the scrap copper rod industry

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.

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2020-11

2020-11-20

Listen to the voice of the market, copper prices enter the two sessions time

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.

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2020-11

2020-11-20

China's copper production continues to decline, there is momentum in the second half of the year

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.

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2020-11

2020-11-20

How did the copper market consume after the epidemic in China

Affected by the epidemic in the first quarter, the resumption time of copper downstream processing enterprises was generally delayed. The production situation of the enterprises was greatly affected. At the same time, the order volume also showed a significant decline. Therefore, the comprehensive capacity utilization of the entire copper material enterprise in February The rate is only about 30%. In terms of breakdown, copper rod companies were more affected because of insufficient staff attendance, poor order consumption, and finished product inventory backlog. The capacity utilization rate in February was only about 18%, and the capacity utilization rate of copper strip companies was 37.5%. About 40.5% of copper pipe companies, and low capacity utilization rate of copper rod companies due to the problem of scrap copper raw materials, only 27.56%.

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2020-11

2020-11-20

Global inventory performance is divided, copper prices wait for demand guidance

Since mid-March, under the background of the second restoration of the demand side, the dominant global copper inventory has continued to decrease, providing a strong bottom support for the continuous rise of copper prices. As of August 25, the world's three major futures exchanges (LME SHFE COMEX) totaled 239,208 tons of copper stocks, which is more than 50% of the total price of 507,144 tons in mid-March. Since entering July...

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2020-11

2020-11-20