Imports of Copper Scrap Remained Strong YoY

Published: May 20, 2026 16:20

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[Imports of Copper Scrap Remained Strong YoY] In April, the structural supply gap of copper scrap in China remained prominent. The tight invoice situation showed no significant improvement, with invoiced supplies remaining scarce in circulation, driving domestic trade prices persistently higher. From March to April, spot bare bright copper prices for imports in Zhejiang stayed at elevated levels, with discounts against futures contract maintained at 300-800 yuan/mt. Downstream compliant copper enterprises, constrained by production, operation, and tax requirements, maintained stable just-in-time procurement. Imported sources became an important channel to fill the domestic raw material gap, supporting copper scrap imports to maintain YoY growth.

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