Ahead of the Weekend, Scrap Utilization Enterprises Buy the Dip [SMM Secondary Copper Daily Review]

Published: Aug 14, 2026 15:31

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SMM August 14

At 11:30 today, the futures closing price was 108,250 yuan/mt, down 50 yuan/mt from the previous trading day. The average spot premium was -130 yuan/mt, up 15 yuan/mt from the previous trading day. Today, copper scrap prices remained unchanged from the previous trading day. The copper scrap sales sentiment index rose to 2.75, and the purchasing sentiment index fell to 1.82. The price difference between copper cathode and copper scrap was 4,561 yuan/mt, down 35 yuan/mt from the previous trading day. The price difference between copper cathode rod and secondary copper rod was 1,630 yuan/mt. According to the SMM survey, ahead of the weekend, copper prices pulled back. Secondary copper rod enterprises generally purchased as needed, while copper scrap suppliers, concerned about the risk of overseas copper prices pulling back over the weekend, preferred to focus on securing transactions during the day. As a result, secondary copper rod enterprises were able to purchase small quantities of low-priced material in the market.

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