Insight
Copper scrap to shrink in China in 2020
Report summary
Two events will impact China’s copper scrap market in 2020: the coronavirus pandemic and the country’s new standards that re-categorise high-quality copper and brass scrap as renewable materials, exempting them from existing restrictions on copper scrap imports. In this insight, we analyse these two events and present our view on how they will impact scrap supply and demand in China this year. In addition, we review the changes to China’s policy on scrap imports since 2018, and outline how the government stance on copper scrap imports has evolved.
Table of contents
- Coronavirus and shrinking quotas hinder scrap availability
- Implications of the new standards
- China will consume less scrap this year
- Conclusion: China’s scrap supply and demand to shrink in 2020
- Appendix: a review of the policies on scrap imports since 2017-2019
Tables and charts
This report includes 7 images and tables including:
- New standards for renewable copper material
- New standards for renewable brass material
- Volatility of monthly scrap imports in 2019
- Composition of China’s total copper consumption 2000-2019
- Balance of the scrap market in China 2017-2021
- Timeline of China’s copper scrap policies
- China’s scrap supply 2017-2019 (kt, copper content)
What's included
This report contains:
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