The scrap copper market has less supply, and there are many market watchers

Towards the end of the year, copper prices lacked momentum, and the decline widened
due to the Fed's hawkish expectations of a March interest rate hike.
Due to the epidemic factor, copper factories in Hebei and Henan have successively stopped harvesting, and copper factories in other regions have also issued holiday notices
for the previous year.
Some companies are actively working to prepare inventory at the end of the year, and the previous year's orders have expired, and they have begun to pre-sell next year's orders
.
Cargo holders are also actively busy with trade matters in the last two weeks of the year, and selling more
goods.
However, due to the small supply of market supplies, coupled with the fact that the price of scrap copper raw materials is no longer high, and the epidemic lockdown in some areas has affected transportation, the overall transaction of the market is average
.

In terms of news, on December 31, 2021, the Ministry of Finance has new regulations on the VAT rate of renewable resources, and scrap metal recycling practitioners will carry out simple tax calculation, which solves the problem of
invoicing at the recycling end of recycled metal.
And the regional tax refund policy will be changed, pending the implementation of further detailed rules, and the new rules will be implemented
from March 1, 2022.
Before the official implementation of the policy, the market is expected to fluctuate a lot, and recycling enterprises and manufacturers are expected to play and negotiate
on ticket tax and recovery price adjustment.
At present, it is understood that some copper enterprises have suspended the receipt of goods a few years ago, and some enterprises have begun to quote tax-included, and there are still many
wait-and-see enterprises.