Shanghai-bonded copper stocks drop 42,000 mt on week

[Latest Data from the General Administration of Customs] In April 2026, China imported 211,700 mt in physical content of copper scrap and shredded copper scrap. Of this, 138,300 mt were imported through Ningbo Customs, ranking first and accounting for 65.33%; 14,500 mt were imported through Guangdong Customs, ranking second and accounting for 6.87%. (HS code: 74040000)

Recently, the PCB concept has continued to rally, with share prices of related publicly listed firms performing strongly. Currently, downstream demand from AI, communications, and other sectors continues to improve, driving sufficient orders in the CCL market. Meanwhile, copper prices have recently been fluctuating at highs and fiberglass cloth supply remains tight, pushing raw material costs to rise. Under the dual effects of rising raw material costs and robust downstream demand, a price-increase sentiment has emerged for products such as copper clad laminates (CCL).

Nuode company's RTF-3 and HVLP-1/2 products have entered the supply chain systems of multiple top-tier producers in China and Taiwan. HVLP-3/4 products are simultaneously undergoing sample testing. Currently, the company's new products such as HVLP have gradually passed certification by some downstream clients. Currently, orders for the company's high-value-added products, such as ultra-high tensile strength and ultra-high elongation foils, high-end electronic standard foils, etc., are steadily rising, with a relatively full order book. The business covers diversified application fields including power batteries, energy storage, consumer electronics, and high-end PCBs.