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China turns to imported copper blister, cathode while scrap loses luster in 2020 [CORRECTED] China increased refined and unrefined copper imports by over 31% year on year in 2020, whereas scrap inflow shrank significantly, reflecting the import policy change for waste products that came into force at the end of the year. Copper concentrate imports 21.77 million tonnes, down 1% year on year China's imports of copper concentrate, a major feed for primary smelting, dropped marginally in 2020 despite strong demand arising from expansion of copper smelter capacity. It was the fi...
The resurgence of COVID-19 in Hebei and three provinces in north-east China forced factories in some regions to suspend production for a period of time in early 2021.
As of January 21, 2021, the price spread between copper cathode and copper spread stood at a four-year high 3,202 yuan/mt, a gain of 249 yuan/mt from the previous day. However, premiums in the domestic spot market remained high amid continued declines in domestic copper cathode inventories, as the substitution of copper cathode with copper scrap weakened.
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