SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance Centre
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceFinished SteelCokeCoalPig IronSilicon Steel
New Energy
New Energy
SolarLithiumCobaltLithium Battery Cathode Precursor and MaterialAnode MaterialsArtificial GraphiteDiaphragmElectrolyteOther MaterialsChemical CompoundLithium-ion BatteryUsed Lithium-ion BatterySodium-ion BatteryHydrogen EnergyEnergy Storage
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / March Copper Anode Supply from Scrap May Decline, Domestic Processing Fees Tend to Pull Back Again [SMM Analysis]

March Copper Anode Supply from Scrap May Decline, Domestic Processing Fees Tend to Pull Back Again [SMM Analysis]

iconFeb 28, 2025 17:05
Source:SMM
[SMM Analysis: Domestic Supply of Scrap-Based Copper Anode May Decline in March, Processing Fees Tend to Pull Back Again] In February 2025, domestic blister copper RCs in south China were quoted at 900-1,100 yuan/mt, with an average of 1,000 yuan/mt, up 200 yuan/mt MoM; domestic blister copper RCs in north China were quoted at 700-900 yuan/mt, with an average of 800 yuan/mt, remaining flat MoM...
SMM February 28 News: SMM reported that in February 2025, domestic blister copper RCs in south China were quoted at 900-1,100 yuan/mt, with an average of 1,000 yuan/mt, up 200 yuan/mt MoM; in north China, blister copper RCs were quoted at 700-900 yuan/mt, with an average of 800 yuan/mt, remaining flat MoM; CIF blister copper RCs were quoted at $90-95/mt, with an average of $92.5/mt, up $2.5/mt MoM. In February, blister copper RCs rebounded both domestically and internationally. In the domestic market, demand side, smelters completed pre-holiday stockpiling before the Chinese New Year, and post-holiday inventories remained relatively ample. Supply side, copper prices rose before and after the holiday, prompting secondary copper raw material suppliers to actively sell. Many copper anode producers using scrap had sufficient raw material inventories and quickly resumed production after the holiday. For imported blister copper, long-term contracts were mostly signed at the beginning of the year. Supported by the rebound in domestic spot processing fees, imported RCs did not deteriorate further. However, in March, domestic blister copper and anode plate spot processing fees in south China showed a pullback trend. This week, SMM reported that domestic blister copper RCs in south China were quoted at 700-1,000 yuan/mt, with an average of 850 yuan/mt, down 200 yuan/mt MoM; in north China, blister copper RCs were quoted at 700-900 yuan/mt, with an average of 800 yuan/mt, remaining flat MoM; CIF blister copper RCs were quoted at $90-95/mt, with an average of $92.5/mt, remaining flat MoM; domestic anode plate processing fees were quoted at 600-700 yuan/mt, with an average of 650 yuan/mt, down 100 yuan/mt MoM. SMM expects the supply of copper anodes using scrap to decline in March due to the following reasons: 1. After mid-February, copper prices fluctuated rangebound with a slight downward shift in the center, weakening the willingness of secondary copper raw material suppliers to sell, narrowing the price difference between primary metal and scrap, and reducing the domestic supply of copper scrap raw materials; 2. After mid-February, the SHFE/LME price ratio inverted significantly, coupled with some traders suspending imports from the US around the time of Trump's inauguration, leading to an expected decline in copper scrap imports; 3. Currently, secondary copper rod prices are more favorable than anode plates, causing some anode plate capacity to shift to secondary copper rods. In summary, with supply trending downward, domestic copper anode spot processing fees are expected to decline in March. 》Subscribe to View SMM Historical Spot Metal Prices》Click to View the SMM Copper Industry Chain Database

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All
MOST POPULAR
1.NEV Magnet Wire Industry Opportunity Discovery
2.Copper Substitution Market Study-Consumer Durables
3.Copper Substitution Market Study-Construction
4.Copper Substitution Market Study-Power Distribution
5.Copper Substitution Market Study-Power Transmission
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.