Les fonderies chinoises et Antofagasta fixent le prix de référence du concentré de cuivre pour 2026 à 0 $/0,0 ¢.

[Latest Data from the General Administration of Customs] In April 2026, China's copper wire rod exports totaled 30,500 mt, up 19.24% MoM and up 112.27% YoY. Exports of refined copper wire with a maximum cross-sectional dimension >6mm were 16,600 mt, up 21.66% MoM and up 108.2% YoY. Exports of other refined copper wire were 13,900 mt, up 16.47% MoM and up 117.36% YoY. (HS code: 74081100, 74081900)

According to SMM research, strict entry regulations (Energy Commission/SIRIM) initially created a protective "moat" for Malaysian copper rod plants, as high compliance costs made imports uncompetitive. However, as overseas supply volumes grow, these upfront costs are being amortized, making imported rods highly price-competitive. Coupled with foreign firms accelerating their overseas expansion, local plants are feeling the squeeze. Impacted by this cost-effective external supply, domestic producers report dropping orders and are forced to slash quotes to defend market share. This local price war is expected to escalate further as direct exports to Malaysia continue to climb.

Selon les données de l'Administration générale des douanes, les exportations chinoises de fils de cuivre émaillés ont totalisé 13 716 mt en avril 2026, en hausse de 3,77 % en glissement annuel et de 19,24 % en glissement mensuel. De janvier à mars 2026, les exportations cumulées de fils de cuivre émaillés de la Chine ont atteint 47 510,96 mt, en hausse de 4,98 % en glissement annuel sur une base cumulée. (Code SH 85441100)