El déficit de cátodos de cobre importados en China se amplía, y parte de los suministros se exportan.

[SMM Copper Anode Flash] SMM expects the overall operating rate of China copper anode enterprises to rebound 1.30 percentage points MoM to 44.11% in September 2026. Among them, primary copper anode enterprises are expected to see their operating rate fall 7.19 percentage points MoM to 57.88% due to maintenance at some enterprises and refining capacity ramp-up; secondary copper anode enterprises are expected to see their operating rate rebound 4.76 percentage points MoM to 38.48%. (Non-captive copper anode only)

[SMM Copper Anode Flash] In August 2026, the operating rate of SMM China copper anode enterprises was 42.81%, down 1.85 percentage points MoM. By raw material, the operating rate of primary copper anode enterprises rose 1.54 percentage points MoM to 65.07%; the operating rate of secondary copper anode enterprises fell 3.23 percentage points MoM to 33.72% due to tight supply of tax-inclusive copper scrap. (Non-captive copper anode only)

[SMM Flash de Ánodos de Cobre] Debido a la oferta persistentemente ajustada de ánodos de cobre reciclado en China, los días de inventario de ánodos de cobre en las fundiciones de China según SMM se situaron en 6,13 días en agosto de 2026, una disminución de 0,16 días intermensual, lo que marca ocho meses consecutivos de descenso desde enero de 2026.