Copper Scrap Suppliers Bullish on Future Copper Prices, Limit Shipments [SMM Secondary Copper Daily Review]

Published: Mar 14, 2025 19:10

Save

》View SMM Copper Quotes, Data, and Market Analysis

》Subscribe to View Historical Price Trends of SMM Metal Spot

SMM, March 14

As of 11:30 today, the futures closing price was 79,970 yuan/mt, down 570 yuan/mt from the previous trading day. The average spot premiums/discounts were 20 yuan/mt, up 5 yuan/mt from the previous trading day. The price of secondary copper raw material rose by 200 yuan/mt MoM. The price of Guangdong bare bright copper was 72,900-73,100 yuan/mt, up 200 yuan/mt from the previous trading day. The price difference between primary metal and scrap was 2,330 yuan/mt, up 362 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 1,510 yuan/mt. According to the SMM survey, although copper prices have risen by nearly 2,000 yuan/mt, suppliers of secondary copper raw material generally hold a bullish outlook on future copper prices and have chosen to control shipments, waiting for copper prices to rise further before increasing shipments significantly.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

18 mins ago

Downstream Sentiment Cooled, Spot Premiums Stabilized [SMM North China Spot Copper]

Spot #1 copper cathode prices in North China were quoted at an average discount of 60 yuan/mt against the front-month contract today, unchanged from the previous trading day. The average transaction price was 99,020 yuan/mt, down 1,240 yuan/mt from the previous trading day.

18 mins ago

21 mins ago

Copper Prices and Inventories Both Declined, Suppliers Actively Held Prices Firm and Made Shipments [SMM South China Spot Copper]

21 mins ago

Huawei Launches New AI Data Infrastructure for Enhanced Inference Scenarios

On March 17, at the 2026 Huawei Data Storage Spring Launch Event, Huawei officially released a new AI data infrastructure for AI inference scenarios, including an AI data platform for centralized inference scenarios and the FusionCubeA1000 AI hyper-converged appliance for branch and edge inference scenarios, aiming to comprehensively upgrade the AI inference experience, significantly lower the barrier to inference deployment, and accelerate a positive business cycle for AI.

21 mins ago