The overseas copper scrap supply landscape is tight, and the procurement volume in April is expected to decline significantly. [SMM Secondary Copper Daily Review]

Published: Apr 18, 2025 19:13

Save

View SMM copper quotes, data, and market analysis

Order and view SMM metal spot historical price trends

SMM April 18

Today's futures closing price at 11:30 was 76,140 yuan/mt, down 90 yuan/mt from the previous trading day. The average spot premiums/discounts were 130 yuan/mt, up 55 yuan/mt from the previous trading day. Today, the price of secondary copper raw material increased by 100 yuan/mt MoM. The price of bare bright copper in Guangdong was 70,800-71,000 yuan/mt, up 100 yuan/mt MoM from the previous trading day. The price difference between copper cathode and copper scrap was 844 yuan/mt, down 142 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 535 yuan/mt. According to the SMM survey, copper scrap import traders stated that after the suspension of US supply, recent European supply has also decreased. This is due to reduced local production in Europe and increased local consumption, leading to suppliers' quotations far exceeding reasonable ranges. The procurement volume in April is expected to be only 50% of that in March.

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

14 mins ago

Transactions in the Copper Bar Market Were Mainly Driven by Rigid Demand

[SMM Brass Bar Bulletin] According to SMM, affected by price fluctuations, copper billet enterprises mostly adopted a strategy of restocking when prices were low on the raw material side to control procurement costs; downstream enterprises maintained a procurement pace of purchasing as needed, with relatively cautious sentiment toward picking up goods. As a major brass billet production hub in China, Ningbo saw enterprise production and shipment pace remain stable, with a moderate overall market trading atmosphere, though wait-and-see sentiment increased.

14 mins ago

32 mins ago

Brass Bar Enterprises' Current Inventory Remained at a Medium Level

[SMM Brass Bar Flash News] Affected by tight recycled brass raw materials supply, brass billet enterprises' raw material inventory remained at a medium level of 4.4 days; finished product inventories edged up to 5.25 days due to a slowdown in downstream cargo pick-up.

32 mins ago

33 mins ago

Shandong Spot Copper Market

As of Thursday, the average spot premiums in Shandong stood at a discount of 30 yuan/mt. Spot supply in Shandong was generally tight this week, and the spread between high and low quotes in the market was significant; the pullback in the center of copper prices drove some recovery in provincial demand, suppliers showed a strong willingness to hold prices firm, and spot prices moved closer to those in Shanghai.

33 mins ago