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How much is copper worth in China?

How much is copper worth in China?

CHINA SCRAP METAL PRICES 2021 November 12

Copper Scrap (CNY / MT) Shanghai Guangzhou
Bare Bright (Cu >99\%) 47750 47750
Copper 47000 47000
No. 1 Copper (Cu 96-98\%) 47100 49000
No. 2 Copper (Cu 94-96\%) 47270 47270

What is the price of copper per ton?

Industrial Metals

Name Price Unit
Copper 9,214.35 USD per Ton
Nickel 19,328.50 USD per Ton
Zinc 3,269.25 USD per Ton
Tin 38,426.00 USD per Ton

Is China buying all the copper?

China is not only the world’s biggest consumer of copper – it is also the world’s second largest copper producer, behind Chile and ahead of Peru, two countries that it already exports a great deal of copper from. China has been stockpiling copper for decades, but the onset of the pandemic gave it another edge.

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How much is scrap metal worth in China?

Aluminum Scrap

Commodity Price Unit
Aluminum ingots 23700.00 CNY/MT
Aluminum Radiators 12400.00 CNY/MT
Aluminum Transformers 12050.00 CNY/MT
E.C. Aluminum Wire 23550.00 CNY/MT

What is the price of raw copper?

Copper

Copper Price/lb.
Bare Bright Wire (stripped/shiny) $3.80
#1 Tubing (clean tube/ clean fine wire) $3.65
#2 Tubing (paint/solder/burnt wire) $3.35
Tin Plated (wire/bus) $3.35

Is China Hoarding copper?

Speculation that China’s strategic stockpiling body, the State Reserve Bureau, is planning to gradually release some of its stockpiles of copper, aluminum and zinc over the coming months led to the downturn on Tuesday, analysts said. The world’s second-largest nation consumes half of the world’s refined copper.

Can China Control copper prices?

BEIJING (Reuters) -China will strengthen price controls on iron ore, copper, corn and other major commodities in its 14th five-year plan for 2021 to 2025 to address abnormal fluctuations in prices, the state planner said on Tuesday. The NDRC said it will build a solid grain supply and stabilise prices.

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Is China still buying scrap metal?

China bans foreign scrap metal from Jan 2021, abolishes scrap import quota. China will no longer accept scrap metal shipments from abroad from January 1, 2021, the government said on Wednesday November 25.