Copper Prices Weaken, Secondary Copper Rod Enterprises' Purchase Willingness Flat [SMM Secondary Copper Daily Review]

Published: Jul 6, 2026 14:47

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SMM July 6

Today at 11:30, the futures closing price was 103,110 yuan/mt, up 40 yuan/mt from the previous trading day. Average spot premiums stood at 80 yuan/mt, up 20 yuan/mt MoM. Copper scrap prices rose 200 yuan/mt MoM. The sentiment index for copper scrap sales fell to 2.38, while the purchase sentiment index rose to 2.43. The price difference between copper cathode and copper scrap was 1,793 yuan/mt, down 164 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 530 yuan/mt. According to SMM survey, copper price trends weakened, with prices largely flat from last Friday. Copper scrap suppliers exhibited moderate willingness to sell. Meanwhile, secondary copper rod enterprises, though showing purchase willingness, preferred to buy the dip and were reluctant to transact at market prices.

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