The operating rates of copper pipe & tube producers pulled back MoM in January and continued to weaken slightly in February due to the holiday impact [SMM Analysis].

[SMM Analysis: Copper Prices Rebound at Week's End, Marginal Improvement in Copper Scrap Supply] In the first week of July (June 30-July 3), the copper scrap market operated under three overlapping factors: the second week after the implementation of the reverse invoicing regulation, the onset of the high-temperature off-season, and copper prices holding the 100,000 yuan mark. The overall supply-demand weakness that began in June persisted. The most-traded SHFE copper contract moved sideways within the 102,020-103,070 yuan/mt range, never breaching the psychological level of 100,000 yuan/mt, while the wait-and-see sentiment among end-users remained unabated...

다음 표는 2026년 7월 3일 상하이선물거래소(SHFE)와 다롄상품거래소(DCE)에서의 철금속 및 비철금속 동향을 보여줍니다.