구리 가격 상승으로 신규 주문 감소, 하류 원자재 재고 보충 [SMM 북중국 구리 현물]

[SMM Copper Foil Monthly Operating Rate] In May 2026, the electronic circuit copper foil operating rate was 89.57%, up 1.14 percentage points MoM and up 13.96 percentage points YoY; the lithium battery copper foil operating rate was 90.68%, up 0.25 percentage points MoM and up 20.29 percentage points YoY. Affected by the grid connection deadline (June 30), energy storage projects experienced concentrated installation rush, together with high production schedules of power batteries, leading to steady release of lithium battery copper foil demand. Robust demand from the AI computing power industry drove the industry capacity upgrade toward high-end specifications, effectively boosting electronic circuit copper foil demand.

[SMM Copper Foil Monthly Operating Rate] In May 2026, the overall operating rate of copper foil enterprises in China was 90.31%, up 0.56 percentage points MoM and up 18.15 percentage points YoY. Among them, the operating rate of large enterprises was 93.38%, medium-sized enterprises 74.88%, and small enterprises 79.85%.