Rising invoice costs, scrap utilization enterprises intentionally lower copper scrap prices [SMM Secondary Copper Daily Review]

Published: Aug 12, 2026 16:27

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SMM August 12

At 11:30 today, the futures closing price was 108,680 yuan/mt, up 60 yuan/mt from the previous trading day. The average spot premiums were -5 yuan/mt, down 65 yuan/mt from the previous trading day. Today, the copper scrap price rose 100 yuan/mt from the previous trading day. The copper scrap sales sentiment index fell to 2.72, and the purchasing sentiment index fell to 1.83. The price difference between copper cathode and copper scrap was 5,116 yuan/mt, down 118 yuan/mt from the previous trading day. The price difference between copper cathode rod and secondary copper rod was 2,000 yuan/mt. According to the SMM survey, tax-included supply became increasingly tight. According to feedback from copper scrap traders, the invoice tax rate for copper scrap has reached 12%. The increase in invoice costs has forced more and more scrap utilization enterprises to lower the copper scrap price. Therefore, the price difference between copper cathode and copper scrap has been widening recently, with the rising invoice cost being one of the main reasons.

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