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[selected SMM Weekly] the most stringent waste law officially landed to benefit waste enterprises to take the initiative to find scrap copper suppliers to keep imports on the sidelines.
Sep 5,2020 10:20CST
translation
Source:SMM
[selection of SMM Weekly report: the most stringent waste Law officially landed and scrap enterprises took the initiative to look for scrap copper suppliers to maintain import wait-and-see] Copper prices have just risen sharply in September, scrap copper traders have to sell goods at high levels, pre-sale operations, traders need to actively receive and deliver orders when copper prices fall over the weekend, the overall supply of scrap copper is reduced month-on-month, and scrap enterprises reflect an increase in transaction premium for purchasing some high-quality waste. And need to take the initiative to find scrap copper suppliers, inclined to the seller's market.
The content below was translated by Tencent automatically for reference.

This week, "SMM Copper Industry chain Weekly report" was released, and the editor selected hot topics, prices, market or major changes in the industry chain and published articles for your reference.

SMM9 March 5 News: just entered September copper prices rose sharply, scrap copper traders have high-level sales, pre-sale operations, when copper prices fall over the weekend traders need to actively receive and deliver orders, the overall scrap copper supply feels less month-on-month, scrap enterprises reflect the purchase of some high-quality scrap transaction premium rise, and need to take the initiative to find scrap copper suppliers, inclined to the seller's market. According to SMM, the new solid waste law was officially launched on September 1st, which may also have something to do with the recent reduction in the supply of waste.

Before the introduction of the policy of recycled copper, large shipping companies did not dare to try to transport waste, and the transportation of waste in Europe and the United States and other ocean-going areas encountered a lot of resistance, and both domestic waste enterprises and import traders were in the stage of adapting to the new policy. the opinions on the quotation of imported waste copper are difficult to be unified and fluctuate frequently. on the contrary, it increasingly suppresses the willingness of waste enterprises to import.

The downstream cable industry was depressed in August, but orders for scrap copper rods were still relatively good because of their large price advantages. Scrap copper pole manufacturers have a certain expectation of improving consumption in the peak season of traditional consumption, but they think that the stage is relatively short and there is no strong potential demand, and this year's Jinjiu Silver Ten may be inferior to the same period as the same period last year.

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scrap metal
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