Chinese Smelters’ Copper Anode Inventory Levels Declined

Published: Apr 3, 2026 09:21

Save

[SMM Copper Anode Flash News] As the price difference between copper and scrap narrowed in mid-to-late March, copper scrap supply was tight, reducing the supply of scrap-derived copper anode. SMM data showed that Chinese smelters’ days of inventories for copper anode stood at 7.36 days in March 2026, down 0.56 days MoM.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound

【SMM Copper Cathode Rod Flash】This week, the operating rate of copper cathode rod rose MoM to 83.58, while overall enterprise operations remained stable. Affected by the rebound in copper prices, the operating pace of downstream industries slowed somewhat; however, copper cathode rod enterprises maintained stable production on the back of earlier orders on hand, and order support was expected to continue until mid-April.

1 min ago

16 mins ago

Weakening Market Demand Drove Down Spot Premiums [SMM North China Spot Copper]

Today, spot prices of North China #1 copper cathode against the front-month contract were reported at a discount of 160 yuan/mt to a discount of 100 yuan/mt, with the average price down 30 yuan/mt from the previous trading day, and the average transaction price up 135 yuan/mt from the previous trading day to 96,045 yuan/mt.

16 mins ago

32 mins ago

Copper Miners Deliver Strong Earnings Growth

Ero Copper and Southern Copper have reported strong earnings growth, reinforcing investor confidence in copper producers amid ongoing market volatility.

32 mins ago