The circulation link is basically smooth, and the supply of scrap copper has improved significantly

Affected by the spread of the overseas epidemic, some copper mines have suspended operations
.
Peru continued to relax control policies, the Petroleum and Energy Commission approved the first batch of 5 mining enterprises 11 health emergency plans, large mines took the lead in resuming work to improve the operating ratio, and in logistics, copper concentrate collection and shipment speed accelerated, and it is expected to return to normal
by June.
In addition, Chile announced on May 13 that the capital Santiago will implement mandatory quarantine, tentatively set for 7 days, which can be extended depending on the situation, and the speed of delivery at some ports in Chile is currently affected, but mine production and domestic logistics are basically intact
.
Overall, the situation in South America has improved
.

In terms of copper scrap, the current copper price trend is uncertain, traders to profit and shipment principle, scrap copper circulation link is basically smooth, the domestic scrap copper market will not change much, and Malaysia extended the fourth time to June 9, but only for entertainment and people-intensive areas, industrial manufacturing is no longer strictly controlled, scrap copper dismantling enterprises continue to resume production, and the port basically returns to normal, while the fine waste price difference continues to repair, the profit and price difference advantage of scrap copper rods is gradually expanding, undoubtedly will continue to benefit scrap copper orders
。

There was still a shortage of scrap copper supply in mid-to-early May, but it improved
significantly in the second half of May.
In terms of imports, although Malaysia extended the operation control for the fourth time until June 9, it is mainly aimed at entertainment and people-intensive areas, industrial manufacturing is no longer strictly controlled, scrap copper dismantling enterprises continue to resume production, and port operations have basically returned to normal
.
At the end of May, imported copper scrap from Malaysia in South China has been cleared to the factory, and the imported copper scrap is expected to continue to increase
.
At the same time, the domestic copper scrap recycling and dismantling industry has basically resumed normal operation, and in the case of high copper prices, scrap copper traders are more willing to ship
.
The supply of copper scrap is significantly more abundant than in April, which also pushed the refined waste price spread, which had been kept low to the normal level of previous years, to about
1,000 yuan / ton.