How can I find a buyer for Scrap Copper?

Google and look for traders of copper in your country

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I am an exporter of PET (Polyethylene terephthalate) Bottle Flakes, that produces PSF/PSY (Polyester Spun Yarn), from Bangladesh to China. We are having valid AQSIQ Licence from Chinese government, that we are now being upgraded for taking care of “Mill Scale”, in addition to PET Flakes. This additional item may cover for the ‘scrap materials’ you are aiming for export from Bangladesh.

As of now it is not possible to export copper and such scrap metals from Bangladesh to China since nobody has the AQSIQ for that purpose, as far as our knowledge goes.

Btw, we do hope that we may be able to do so in a month or two if the Addition of Mill Scale in our AQSIQ Licence is completed sooner.

I got the following information from the website named “WorldScrap” wherein they try to project the demands of various scrap materials and price trends:

Copper, zinc producers turning cautious despite a rally in prices
However, aluminium producers remain bullish on outlook.

Industry remains cautious on the outlook for base metal demand despite a rally this month that has pushed the prices of copper, zinc and aluminium by 20 per cent, 19 per cent and 7 respectively on the London Metal Exchange.

The rally came on the back of China’s state reserve bureau purchasing copper and zinc for strategic purposes. The prices of the base metals increase also coincided with global production cuts.

China is a major producer of aluminium. But it does not have enough copper mines to meet its own demand and that prompted the government to purchase copper which is used majorly by the electronics, communications and transportation industry. Copper is essential for making hybrid cars for which demand is likely to pick up in coming years.

However, industry analysts believe that the rally in copper prices is most vulnerable.

“Seasonal factors would suggest Chinese copper imports are set to collapse over the next three months,” said Michael Lewis, a London-based Deutsche Bank AG analyst.

Copper was being quoted at $4,816 per tonne on Friday on the LME, a six-month high. The price for the metal had reached an all-time high of $8,900 on July 2 last year on the LME. It crashed by 68 per cent to $2,809 per tonne on December 24, following credit crunch and the global slowdown.

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