Chinese Smelters, Antofagasta Set 2026 Copper Concentrate TC/RC Benchmark at $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 data from the General Administration of Customs, China's copper enamelled wire exports totaled 13,716 mt in April 2026, up 3.77% YoY and up 19.24% MoM. From January to April 2026, China's cumulative copper enamelled wire exports reached 47,510.96 mt, up 4.98% YoY on a cumulative basis. (HS code 85441100)

[SMM North China Copper Cathode Spot Market] As copper prices continued to pull back, downstream restocking sentiment for copper cathode in North China received some boost. However, as the market entered the latter part of the month, increased supply from northern regions including North China, Shandong, and Northeast China put spot premiums in the market under pressure.