Copper scrap supply in China shrank nearly 200,000 mt in Q1 as COVID-19 disrupted supply chain
Copper scrap supply in China is estimated to have shrunk nearly 200,000 mt in the first three months of 2020, as escalated virus-control measures disrupted global trade flows and as Chinese suppliers held back on sales following a slump in copper prices.
A total of 225,083 mt of copper scrap was imported to China in January-to-March, down close to 140,000 mt, or more than 38% from the same period last year, according to data from China customs. SMM estimates that those copper scrap imports, with average Cu content of 78.49%, contained 176,676 mt of copper, down more than 37% from the quarter ended March 2019.
Please sign in to continue reading the full article for free
Already registered? Sign in
- Real-Time Alerts
- Advanced Portfolio Features
- Personalized Charts
- Fully-Synced APP
- Free Publication Preview
- Weekly News Summary
Customs data
Copper
Copper scrap
Coronavirus impact
COVID-19