Copper Prices Retreat after Rapid Rise; Copper Scrap Suppliers Sell Actively [SMM Copper Scrap Weekly Review]
[SMM Analysis: Copper Prices Retreat after Rapid Rise, Secondary Copper Suppliers Sell Actively] This week, the most-traded SHFE copper contract rose initially but then pulled back, breaking through the 110,000 yuan/mt mark mid-week before retreating sharply to 108,440 yuan/mt, and then stabilizing at 109,170 yuan/mt amid wild swings. The price difference between copper cathode and copper scrap pulled back from a high of 5,410 yuan/mt to a range of 3,329-3,435 yuan/mt. This week, the copper scrap market continued to face a structurally tight supply, with high invoice tax rates and scarce compliant supply remaining the underlying constraints ......