Home / Metal News / Plants turn to refined copper on higher prices of copper scrap

Plants turn to refined copper on higher prices of copper scrap

iconMar 27, 2018 14:35
Source:SMM
As tighter supplies and a higher value added tax (VAT) drove up prices of copper scrap, plants turned to refined copper.

SHANGHAI, Mar 27 (SMM) – As tighter supplies and a higher value added tax (VAT) drove up prices of copper scrap, plants turned to refined copper, SMM learned. 

Data from China Customs showed that copper scrap imports in the first two months of this year slumped 40% from the same period in 2017, while VAT rose to 10.5-11%. Prices of refined copper stood far below prices of copper scrap in China, with a difference of about 505 yuan/mt on Monday March 26.

Plants that made copper, strip and foil used more refined copper. This bolstered consumption and orders for refined copper.

 


For editorial queries, please contact Daisy Tseng at daisy@smm.cn 
For more information on how to access our research reports, please email service.en@smm.cn 

copper scrap
refined copper

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All