Market available supply decreased, suppliers actively held prices firm [SMM South China spot copper]

Published: Aug 25, 2026 11:30

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SMM August 25 News:
Spot prices of #1 copper cathode against the front-month contract in Guangdong today: high-quality copper reported a premium of 250 yuan/mt, up 100 yuan/mt from the previous trading day; standard-quality copper reported a premium of 150 yuan/mt, up 70 yuan/mt; SX-EW copper reported a premium of 90 yuan/mt, up 80 yuan/mt. The average price of #1 copper cathode in Guangdong was 108,505 yuan/mt, up 665 yuan/mt from the previous trading day; the average price of SX-EW copper was 108,395 yuan/mt, up 660 yuan/mt from the previous trading day.

Spot market: Guangdong inventory has declined for six consecutive days, with reduced arrivals being the main reason. After continuous inventory decline, the amount of available cargo in the market decreased. In the morning session, suppliers quoted standard-quality copper at a premium of 100 yuan/mt, but the cargo was quickly snapped up. Subsequently, suppliers held prices firm at a premium of 150 yuan/mt, and there were also a number of transactions. Today, the purchasing sentiment for copper cathode in Guangdong was 2.89, up 0.07 from the previous trading day, while the selling sentiment was 2.88, down 0.11 from the previous trading day (historical data can be viewed by logging into the database).

Overall, the amount of available cargo in the market decreased, and suppliers actively held prices firm, driving premiums higher, and overall trading improved.

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.

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