-Overview of copper scrap market
Copper scrap is an effective supplement to copper resources. Waste copper has good recovery performance, and can be effectively supplied by remelting and smelting into electrolytic copper or directly processing into copper. The recycling of waste copper resources is conducive to alleviating the tight supply situation at the mine end. On the other hand, the recycling of waste copper resources can bring good energy saving and emission reduction effects. Compared with primary copper production, each ton of recycled copper saves about 1 ton of standard coal, nearly 400m3 of water and 380 tons of solid waste, equivalent to 0. 1.37 tons of sulfur dioxide.
-China's enterprises that use copper scrap are pyramid-shaped.
The enterprise structure of using waste copper in China is pyramid-shaped, and there are mainly two enterprises with a utilization of 654.38+10,000 tons: Jiangxi Copper Company and Ningbo Jintian Copper (Group) Co., Ltd.; There are six major companies with 50,000 ~ 65,438+10,000 tons: Tianjin Datong Copper Co., Ltd., Shandong Jinsheng Group, Shandong Dongying Fiona Fang Nonferrous Metals Co., Ltd., Shanghai Dachang Copper Company, Ningbo Jinlong Copper Company and Tianjin Huabei Cable Factory. Small-scale recycled copper plants with annual profit of less than 5,000 tons of waste copper are the mainstream of China's recycled copper industry, with a large number of enterprises.
-Yangtze River Delta, Bohai Rim and Pearl River Delta are key areas for recycling copper scrap.
Generally speaking, the most developed areas also have the largest output of copper products. At present, China has formed three key areas of dismantling, processing and consumption of waste copper, namely Yangtze River Delta, Bohai Rim and Pearl River Delta. The amount of copper scrap recovered in these areas accounts for about 80% of the total domestic copper scrap. The Yangtze River Delta, represented by Taizhou and Ningbo in Zhejiang, the Pearl River Delta, represented by Guangdong, and the Bohai Rim region, represented by Tianjin, Hebei and Shandong, have formed a number of specialized markets for scrap copper with large dismantling volume and large trading volume, which are generally concentrated in the form of industrial parks. Due to the tightening of the policy of importing scrap copper, the scrap copper market in coastal areas, which relies on dismantling and importing seven types of scrap copper, has shrunk obviously in recent years.
-The overall price of copper scrap is on the rise.
From 2065438+07 to February 2023, the market price of copper scrap in China showed a trend of first falling and then rising, reaching the lowest price in March 2020, and then showing an upward trend. As of February 17, 2023, the average price of copper scrap in China was 57,500 yuan/ton.
Note: the data query time is as of February, 2023 17.
-Utilization of waste copper is an important way to solve the shortage of copper resources.
China is the largest consumer of copper, but also a poor copper country, and the supply situation of copper resources is very severe. Therefore, multi-channel utilization of copper resources is increasingly urgent.
Because of China's large population, the per capita consumption of copper is only about 3kg, which is far behind that of developed countries. On the one hand, the demand is huge, on the other hand, the resources are seriously insufficient. Paying attention to the recycling of copper renewable resources is an important way to solve the shortage of copper resources. Developing recycled copper industry has the significance of saving investment, energy, land and environment, which is in line with the national industrial policy, especially with the concept of national circular economy and conservation-oriented society. It is an economical industry with low energy consumption and high efficiency.
According to the circular economy development plan issued by the National Development and Reform Commission in July, 20021,by 2025, the output rate of major resources in China will increase by about 20% compared with that in 2020, and the output of recycled nonferrous metals will reach 20 million tons, including 4 million tons of recycled copper, aluminum and lead respectively.
For more research and analysis on this industry, please refer to the Analysis Report on the Development Prospect and Investment Strategic Planning of China Renewable Resources Industry by Forward-looking Industry Research Institute.