Fundidores chineses e Antofagasta estabelecem benchmark de TC/RC para concentrado de cobre de 2026 em US$ 0/0,0¢

[Latest Data from the General Administration of Customs] In April 2026, China's copper wire rod exports totaled 30,500 mt, up 19.24% MoM and up 112.27% YoY. Exports of refined copper wire with a maximum cross-sectional dimension >6mm were 16,600 mt, up 21.66% MoM and up 108.2% YoY. Exports of other refined copper wire were 13,900 mt, up 16.47% MoM and up 117.36% YoY. (HS code: 74081100, 74081900)

According to SMM research, strict entry regulations (Energy Commission/SIRIM) initially created a protective "moat" for Malaysian copper rod plants, as high compliance costs made imports uncompetitive. However, as overseas supply volumes grow, these upfront costs are being amortized, making imported rods highly price-competitive. Coupled with foreign firms accelerating their overseas expansion, local plants are feeling the squeeze. Impacted by this cost-effective external supply, domestic producers report dropping orders and are forced to slash quotes to defend market share. This local price war is expected to escalate further as direct exports to Malaysia continue to climb.

De acordo com dados da Administração Geral das Alfândegas, as exportações chinesas de fio de cobre esmaltado totalizaram 13.716 toneladas em abril de 2026, com alta de 3,77% na comparação anual e de 19,24% na comparação mensal. De janeiro a março de 2026, as exportações acumuladas de fio de cobre esmaltado da China atingiram 47.510,96 toneladas, com alta acumulada de 4,98% na comparação anual. (Código SH 85441100)