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[SMM scrap Copper column] the detailed rules for the implementation of recycled copper standards still need to be perfected and difficult to implement quickly in a short period of time.
Jul 17,2020 20:31CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Daily review of spot trading of scrap copper

Today, the spot price of electrolytic copper in Shanghai is quoted as 50-80 yuan per ton for that month's contract, 51580 yuan / ton to 51780 yuan / ton for Pingshui copper and 51600 yuan / ton to 51800 yuan / ton for Shengshui copper. Copper in Shanghai stood steady at 51000 yuan / ton, showing that it rose first and then suppressed. In the morning trading session, it came out of an inverted V shape, rising 51750 yuan / ton and then falling back to around 51500 yuan / ton. In the morning market, the holder quoted a price of 60 yuan per ton for levelling copper and 80 yuan per ton for good copper. Traders still prefer levelling copper, asking for more deposits, and levelling copper rises 50 yuan / ton. Individual prices can be reduced to 40 yuan / ton. Good copper has a strong decline due to a small proportion of goods. Wet copper followed up the offer to 5040 yuan / ton, and downstream consumption continued to improve with traders. Shanghai copper rebounded today, the low level of copper in Shanghai is rising today, and the price of copper in Shanghai has rebounded today, due to the low price of copper in Shanghai, the price of copper has risen to 40 yuan / ton, and the price of good copper has been raised to 5040 yuan / ton, and downstream consumption has continued to improve with traders. Market confidence has warmed up, buying corresponding improvement, next week will enter a long single delivery cycle, rising water is easy to rise and difficult to fall, but close to 100 yuan will be suppressed, sawing or will reappear.

The price of bright copper in Guangdong is 45800 yuan / ton ~ 46100 yuan / ton, which is 100 yuan / ton higher than that of the previous trading day. The price difference of fine waste copper is 2651 yuan / ton, and the month-on-month expansion is 354 yuan. On July 17, at the 15th China International Copper Industry chain Summit, experts in the renewable resources industry gathered to discuss the development of new standards and the import of scrap copper. At present, the standard for recycled copper has been established, mainly waiting for the customs code to be released, because there are still many details to be improved in the second outbreak, supervision and punishment measures some time ago, and it is expected that it will be difficult to implement quickly in the short term.

Import profit and loss of scrap copper

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