SMM Analysis: According to data from the General Administration of Customs, China's copper foil imports in March 2025 were approximately 8,446.98 mt, up 8.26% YoY and up 22.40% MoM; cumulative imports for January-March 2025 were about 22,265.75 mt, up 1.35% YoY...

According to data from the General Administration of Customs, China's exports of copper plate/sheet and strip reached 10,543 mt in March 2025, up 40.5% MoM and 5.2% YoY. By March, China's total exports of copper plate/sheet and strip amounted to 28,424 mt, with a cumulative YoY increase of 2.65%.

Futures: LME copper was closed overnight. The SHFE copper 2506 contract opened at 77,400 yuan/mt overnight, touched a high of 77,490 yuan/mt at the beginning of the session, then fluctuated downward to a low of 76,640 yuan/mt, and finally closed at 76,760 yuan/mt, up 0.41%, with a trading volume of 45,721 lots and open interest of 164,089 lots.

SMM Analysis: According to data from the General Administration of Customs, China's imports of copper anode in March 2025 were 50,176 mt, down 11.05% MoM and 47.80% YoY...

According to data from the General Administration of Customs, China's exports of copper enamelled wire in March 2025 reached 12,508.09 mt, up 29.53% YoY and up 70.57% MoM. From January to March, China's exports of copper enamelled wire totaled 32,038.86 mt, with a cumulative YoY increase of 22.87%. (HS code 85441100)

Futures market: LME copper was closed last Friday evening. The SHFE copper 2506 contract opened at 76,110 yuan/mt last Friday evening, with a high of 76,200 yuan/mt and a low of 75,820 yuan/mt, closing at 75,900 yuan/mt.

At the CLNB 2025 (10th) New Energy Industry Chain Expo - Battery Auxiliary Materials Forum hosted by SMM Information & Technology Co., Ltd. (SMM), Li Wu, a second-level researcher and doctoral supervisor at the Qinghai Salt Lake Institute of the Chinese Academy of Sciences, shared insights on the topic "Prospects of Composite Copper Foil Preparation Technology and Its Application Advantages in Lithium Batteries."

Overnight, LME copper opened at $9,133/mt, reaching a high of $9,279.5/mt and a low of $9,111/mt, closing at $9,253/mt (previous close: $9,190.2/mt, up 0.68%).

Futures market: Overnight, LME copper opened at $9,127.0/mt, hitting a high of $9,216.5/mt and a low of $9,028.5/mt, and closed at $9,190.2/mt (previous close: $9,137/mt).