Copper prices recover, and copper scrap traders actively sell [SMM Secondary Copper Daily Review]

Published: Jul 14, 2026 13:51

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SMM July 14

Today's 11:30 futures closing price was 104,310 yuan/mt, up 1,150 yuan/mt from the previous trading day. The average spot premium was 155 yuan/mt, down 60 yuan/mt from the previous trading day. Today, copper scrap prices rose 300 yuan/mt from the previous day. The copper scrap sales sentiment index rose to 2.42, while the procurement sentiment index fell to 2.27. The price difference between copper cathode and copper scrap was 3,180 yuan/mt, up 735 yuan/mt from the previous trading day. The price difference between copper cathode rod and secondary copper rod was 1,510 yuan/mt. According to the SMM survey, copper prices rose rapidly, but copper scrap prices lacked upward momentum. Limited new orders in the off-season for downstream secondary copper rod and scrap-derived copper anode enterprises, combined with policy instability, meant they showed no interest in high-priced cargo. Many secondary copper rod enterprises had already stopped pricing copper scrap from traders during the early trading session. Today, market transactions were flat.

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