Copper Prices Methodology

SMM publishes 23copper-related prices, including China Refined Copper Price, Copper Premiums, Copper Prices in Grades, Copper Prices in Areas, and Prices for Other Copper Products.

In China, SMM Copper Prices has been recognized as benchmark contract prices, which involves over 60% of participants in the local market, including mining companies, smelters, traders, distributors, downstream and end users.

SMM, jointly with the Administration of Shanghai Bonded Zones, launched Yangshan copper premium in March 2013, which presents the premium of copper prices for benchmark brands in Shanghai bonded zones over LME copper prices, to better reflect copper supply and demand in China’s markets and offer China a stronger voice in setting copper prices in global markets.

Copper Prices Methodology

  • refined-copper-&-concentrates
  • copper-premiums
  • diff-kinds-refined-copper
  • copper-powders
  • copper-compounds
  • semis
  • alloys
  • other-markets

#1 Refined Copper(Cu_Ag>=99.95%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:30 am (Except Chinese Publish Holidays) Origin: China/Imported
Standard/Specification: Cu+Ag>=99.95%, Chinese Standard - GB/T 467-2010 and Internatioanl Standard - Quality: BS EN 1978:1998 Copper Cathodes (exclu. hydro-copper)

Product Definition: Refined Copper, also known as copper cathode, refers to copper in compliance with Chinese Standard - GB/T 467-2010 and Internatioanl Standard - Quality: BS EN 1978:1998 Copper Cathodes. Traded prices for hydro copper are not considered for assessment of #1 refined copper price.
Major Brands:
China: Dajiang (Daye Nonferrous Metals), Zhongtiaoshan, Xiangguang (Xiangguang Copper), Jinfeng (Zhejiang Fuchunjiang Copper), Shangye, Tiger (Shanghai Dachang Copper Industry), Jinchuan (standard quality), Lufang (Shandong Fangyuan Nonferrous Metals), Yimeng (Shandong Jinsheng Nonferrous), Sanjian (Penghui Copper Industry), Honglu (Baiyin Nonferrous Metals), Ningbo Jintian, Datong, JCC-PC, Yuntong-PC (Yunnan Copper), Dajiang-PC, Guiye (Jiangxi Copper), Jinchuan (high purity), Tiefeng (Yunnan Copper), Jintun, Copper Crown (Anhui Tongdu Copper).
Imported: Chile (AE, ENM, CCC-P), Poland (small plate), South Korea (ONSAN), Belgium, US, Canada, Norway, Finland, Germany, Spain, the Philippines, India, Zambia, Kazakhstan (Kazakhmys), Poland (large plate), Japan (MITSUBISHI, OSR, SR), Peru (large plate), Brazil (large plate).

View #1 Refined Copper(Cu_Ag>=99.95%)

TC for Imported Copper Concentrate(Cu≥26.0%) (Weekly)USD/mt

SMM provides the latest prices for Copper Concentrate, price charts for the past years as well as news and analysis for TC for Imported Copper Concentrate market.
View TC for Imported Copper Concentrate(Cu≥26.0%) (Weekly)USD/mt

TC for Imported Copper Concentrate(Cu≥26.0%) (Monthly)USD/mt

SMM provides the latest prices for Copper Concentrate Treatment charge, price charts for the past years as well as news and analysis for Treatment charge for Imported Copper Concentrate market.
View TC for Imported Copper Concentrate(Cu≥26.0%) (Monthly)USD/mt

Copper Premium and Discount


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 3:30 am-4:30 am (Except Chinese Publish Holidays)
Origin: China/Imported
Standard/Specification: Cu+Ag>=99.95%, Chinese Standard - GB/T 467-2010 and Internatioanl Standard - Quality: BS EN 1978:1998 Copper Cathodes (exclu. hydro-copper)

Product Definition: The price gap between SMM spot copper and the SHFE current-month copper contract is described as Premium (when spot price is higher than the SHFE current-month copper contract price) or Discount (when spot price falls behind the SHFE current-month copper contract price). Discount is shown in negative value.

Major Brands: China: Dajiang (Daye Nonferrous Metals), Zhongtiaoshan, Xiangguang (Xiangguang Copper), Jinfeng (Zhejiang Fuchunjiang Copper), Shangye, Tiger (Shanghai Dachang Copper Industry), Jinchuan (standard quality), Lufang (Shandong Fangyuan Nonferrous Metals), Yimeng (Shandong Jinsheng Nonferrous), Sanjian (Penghui Copper Industry), Honglu (Baiyin Nonferrous Metals), Ningbo Jintian, Datong, JCC-PC, Yuntong-PC (Yunnan Copper), Dajiang-PC, Guiye (Jiangxi Copper), Jinchuan (high grade), Tiefeng (Yunnan Copper), Jintun, Copper Crown (Anhui Tongdu Copper).

Imported: Chile (AE, ENM, CCC-P), Poland (small plate), South Korea (ONSAN), Belgium, US, Canada, Norway, Finland, Germany, Spain, the Philippines, India, Zambia, Kazakhstan (Kazakhmys), Poland (large plate), Japan (MITSUBISHI, OSR, SR), Peru (large plate), Brazil (large plate).


View Copper Premium and Discount

Yangshan Copper Premium(USD/mt)


Currency and Unit: USD/mt (exclu. tax)
Time for Price Release: Weekdays GMT 4:30 am (Except Chinese Publish Holidays)
Origin: China/Imported
Standard/Specification: LME registered Grade-A refined copper
Product Definition: Yangshan Copper Premium describes the sum by which spot prices for warrants of LME registered Grade-A refined copper in Shanghai bonded zones exceed LME three-month copper contract price on electronic trading platform.
Major Brands: LME registered brands (except MCM and REC).
View Yangshan Copper Premium(USD/mt)

Standard-Grade Copper(Cu_Ag>=99.95%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: China/Imported
Standard/Specification: Cu+Ag>=99.95%, Chinese Standard - Cu-CATH-2 in GB/T 467-2010, and International Standard - Quality: BS EN 1978:1998 Copper Cathodes (international standard).

Product Definition: Standard-Grade Copper refers to copper meeting the requirements for Chinese Standard - Cu-CATH-2 in the GB/T 467-2010.

Major Brands: China: Dajiang (Daye Nonferrous Metals), Zhongtiaoshan, Xiangguang (Xiangguang Copper), Jinfeng (Zhejiang Fuchunjiang Copper), Shangye, Tiger (Shanghai Dachang Copper Industry), Jinchuan (standard quality), Lufang (Shandong Fangyuan Nonferrous Metals), Yimeng (Shandong Jinsheng Nonferrous), Sanjian (Penghui Copper Industry), Honglu (Baiyin Nonferrous Metals), Ningbo Jintian, Datong, JCC-PC, Yuntong-PC (Yunnan Copper), Dajiang-PC.

Imported: Chile (AE), Poland (small plate), South Korea (ONSAN), Belgium, US, Canada, Norway, Finland, Germany, Spain, the Philippines, India, Zambia, Kazakhstan (Kazakhmys).
View Standard-Grade Copper(Cu_Ag>=99.95%)

High-Grade Copper(Cu_Ag>=99.95%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays) Origin: China/Imported
Standard/Specification: Cu+Ag>=99.95%, Chinese Standard - Cu-CATH-1 in GB/T 467-2010, and International Standard - Quality: BS EN 1978:1998 Copper Cathodes (international standard).

Product Definition: High-Grade Copper refers to copper meeting the requirements for Chinese Standard - Cu-CATH-1 in the GB/T 467-2010.

Major Brands: China: Guiye (Jiangxi Copper), Jinchuan (high purity), Tiefeng (Yunnan Copper), Jintun, Copper Crown (Anhui Tongdu Copper).
Imported: Chile (ENM, CCC-P), Poland (large plate), Japan (MITSUBISHI, OSR, SR), Peru (large plate), Brazil (large plate).
View High-Grade Copper(Cu_Ag>=99.95%)

Hydro-Copper(Cu_Ag>=99.95%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: Imported
Standard/Specification: Cu+Ag>=99.95%, International Standard - Quality: BS EN 1978:1998 Copper Cathodes.

Product Definition: Traded price for Hydro Copper, which refers to copper produced through hydrometallurgy and in compliance with International Standard - Quality: BS EN 1978:1998 Copper Cathodes.
Major Brands: China: Guiye (Jiangxi Copper), Jinchuan (high purity), Tiefeng (Yunnan Copper), Jintun, Copper Crown (Anhui Tongdu Copper).
Imported: MB, MV, ESOX, CMCC, ABRA, CDA, COLLAHUASI, QB, RT,CDA, CMCC, QB, Peru (SPCC), Australia.
View Hydro-Copper(Cu_Ag>=99.95%)

Guixi Copper(Cu_Ag>=99.95%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: Jiangxi Province
Standard/Specification: Cu+Ag>=99.95%, Chinese Standard - Cu-CATH-1 in GB/T 467-2010.

Product Definition: Mainstream traded price for Guixi Copper, which refers to the Guiye brand copper produced by Guixi Smelter - a subsidiary of Jiangxi Copper Corporation, in China.
Major Brands: Guiye.
View Guixi Copper(Cu_Ag>=99.95%)

Refined Copper Powder(-200 mesh, -300 mesh)


Currency and Unit: RMB/kg (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: -200 mesh, -300 mesh, Chinese Standard - GB/T 5246-2007. Product Definition: Mainstream traded prices for refined copper powder in Shanghai, Jiangsu, and Zhejiang Provinces.
View Refined Copper Powder(-200 mesh, -300 mesh)

Copper Tin Alloy Powder(Sn10%, -200mesh, -300mesh)


Currency and Unit: RMB/kg (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: -200 mesh, -300 mesh (10% Sn content).
Product Definition: Mainstream traded prices for refined copper powder in Shanghai, Jiangsu, and Zhejiang Provinces.
View Copper Tin Alloy Powder(Sn10%, -200mesh, -300mesh)

Copper Sulfate(CuSO4·5H2O≥96%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: Jiangxi and Gansu Provinces
Standard/Specification: CuSO4•5H2O≥96%, Chinese Standard - GB 437-2009.
Product Definition: Mainstream traded prices for copper sulfate in Shanghai, Jiangsu, and Zhejiang Provinces.
View Copper Sulfate(CuSO4·5H2O≥96%)

Φ3mm Oxygen-Free Copper Wire


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: Drawn from Chilean or Chinese high-grade copper (hard drawn).
Product Definition: Mainstream traded price for Hard Φ3mm Oxygen-free Copper Wire drawn from Chilean or Chinese high-grade copper in China.

View Φ3mm Oxygen-Free Copper Wire

Φ3mm Oxygen-Free Copper Wire (Soft Drawn)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: Drawn from Chilean or Chinese high-grade copper (soft drawn).
Product Definition: Mainstream traded price for Soft Φ3mm Oxygen-free Copper Wire drawn from Chilean or Chinese high-grade copper in China.

View Φ3mm Oxygen-Free Copper Wire (Soft Drawn)

Φ8mm Oxygen-Free Copper Rod


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: Drawn from Chilean or Chinese high-grade copper.
Product Definition: Mainstream traded price for Φ8mm Oxygen-free Copper Wire drawn from Chilean or Chinese high-grade copper in China.

View Φ8mm Oxygen-Free Copper Rod

Enameled Wire(QZ0.1-3.0MM)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 4:40 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: QZ0.1-3.0MM.
Product Definition: Mainstream traded prices for Enameled Wire QZ0.1-3.0MM in China
Product Definition: #1 Refined Copper Price in North China: mainstream traded prices in Tianjin and adjacent areas for #1 refined copper complying with the GB/T 467-2010 (exclu. hydro copper traded prices).

View Enameled Wire(QZ0.1-3.0MM)

Phosphor Copper Alloy(P14%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: P content at around 14%.
Product Definition: Mainstream traded prices for phosphor copper alloy in Shanghai, Jiangsu and Zhejiang provinces.

View Phosphor Copper Alloy(P14%)

Arsenic Copper Alloy(As30%)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China
Standard/Specification: As content at around 30%.
Product Definition: Mainstream traded prices for arsenic copper alloy in Shanghai, Hunan and Zhejiang provinces.

View Arsenic Copper Alloy(As30%)

Beryllium Copper Alloy(3.8-4.3% Be content)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China/Imported
Standard/Specification: Be content at 3.8-4.3%.
Product Definition: Mainstream traded prices for beryllium copper alloy (Be 3.8-4.3%) in Hunan, Shanghai, and Kazakhstan.
View Beryllium Copper Alloy(3.8-4.3% Be content)

Beryllium Copper Alloy(3.0-3.6% Be content)


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 6:00 am-6:30 am (Except Chinese Publish Holidays)
Origin: China/Imported
Standard/Specification: Be content at 3.0-3.6%.
Product Definition: Mainstream traded prices for beryllium copper alloy (Be 3.0-3.6%) in Hunan, Shanghai, and Kazakhstan.
View Beryllium Copper Alloy(3.0-3.6% Be content)

#1 Refined Copper (East China) Cu_Ag>=99.95%


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 7:30 am (Except Chinese Publish Holidays)
Origin: Zhejiang, Jiangsu, Shanghai, and Shandong Provinces
Standard/Specification: Cu+Ag>=99.95%, according to the Chinese standard GB/T 467-2010 and the international standard - Quality: BS EN 1978:1998 Copper Cathodes (exclu. hydro-copper).

Product Definition: Mainstream traded prices in the Shanghai and Shandong province for #1 refined copper complying with Chinese standard - GB/T 467-2010 (exclu. hydro copper).
View #1 Refined Copper (East China) Cu_Ag>=99.95%

#1 Refined Copper (North China) Cu_Ag>=99.95%


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 7:30 am (Except Chinese Publish Holidays)
Origin: Tianjin, Shenyang City
Standard/Specification: Cu+Ag>=99.95%, according to the Chinese standard GB/T 467-2010 and the international standard - Quality: BS EN 1978:1998 Copper Cathodes (exclu. hydro-copper).

Product Definition: Mainstream traded prices in Tianjin and adjacent areas for #1 refined copper complying with the GB/T 467-2010 (exclu. hydro copper traded prices).
View #1 Refined Copper (North China) Cu_Ag>=99.95%

#1 Refined Copper (South China) Cu_Ag>=99.95%


Currency and Unit: RMB/mt (inclu. tax)
Time for Price Release: Weekdays GMT 7:30 am (Except Chinese Publish Holidays)
Origin: Guangdong Provicne and Adjacents
Standard/Specification: Cu+Ag>=99.95%, according to the Chinese standard - GB/T 467-2010 and the international standard - Quality: BS EN 1978:1998 Copper Cathodes (exclu. hydro-copper).

Product Definition: Mainstream traded prices in Guangdong and adjacent areas for #1 refined copper complying with Chinese standard - GB/T 467-2010 (exclu. hydro copper).
View #1 Refined Copper (South China) Cu_Ag>=99.95%

Copper Top Stories

Copper Publications

China Copper Weekly(20161121)

Copper prices fluctuated widely after delivery of SHFE 1611 copper last week. Cargo holders thus liquidated stocks actively to avoid risk, with severe oversupply.

CNY Base Rate

100 units of foreign currencies in CNY

Name Buying Rate Selling Rate Middle Rate
USD 686.85 689.61 688.3
HKD 88.48 88.82 88.69
100JPY 604.99 609.24 605.66
EUR 723.87 728.95 725.47
GBP 857.83 863.85 859.32
Date: 2017-02-22

Source: spot exchange rate at UTC 10:55 am every day on the website of Bank of China