Divergent Trends in Asian Scrap Copper Markets: China and Japan Discount Rate Rise While South Korea Holds Steady

Published: Mar 16, 2026 11:06

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Recent trends in Asian scrap copper markets are diverging: China’s Bare Bright copper import discount rate have climbed to 98%-98.5% due to tight tax-inclusive copper scrap supply, pushing Japanese quotes up by 1 percentage point to similar levels via strong market linkage. Conversely, South Korea remains stable at 97.5%-98% due to high domestic inventories level. According to feedback from local downstream enterprises, high domestic inventory levels mean current procurement discount rate are expected to remain unchanged through the second quarter,

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