[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.

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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Catalogue of "SMM Copper Industry chain Weekly report" in this issue

Analysis of hot topics: detailed explanation of the semi-annual report of thirteen copper smelters in 2020

Copper price forecast next week and focus on economic data

SMM data: spot discount, inventory at home and abroad, refined waste price difference

Spot transactions tend to be active, waiting for face-to-face communication to start the transaction.

The most stringent repeal law officially falls to the ground to benefit waste enterprises are in the period of adaptation to import wait-and-see.

Local trading situation and output of electrolytic copper

Copper trade market analysis (Yangshan copper premium trend, import profit and loss data)

The latest situation of enterprise research: data and analysis of operating rate of copper enterprises

Maintenance trend of smelter

LME&COMEX: copper inventory and cancellation warehouse receipt ratio, LME copper spot discount

Dynamic news of enterprises at home and abroad

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The "SMM China Copper Industry chain routine report" includes changes in exclusive data markets from copper mines, smelters to copper processing materials, spot to futures markets, future views, and weekly updates of hot events, focusing on contradictions that have changed greatly during the week. "View details