To deeply implement its global service strategy and precisely empower the recycled metals industry chain, Shanghai Metals Market (SMM) will officially add CIF mainstream Chinese ports prices for Honey Brass from Japan, Europe, Canada, and Mexico on September 1, 2026.
I. Strategic Significance
Honey Brass serve as a crucial raw material stream in the copper industry, and their cross-regional trade pricing mechanism has long been hindered by non-standardization and information asymmetry. Japan, Europe, and North America are core global supply sources, and their export quotation systems have a decisive influence on the procurement pace and inventory management of China’s processing enterprises.
Leveraging its global spot price collection network, SMM is adding the following price points to enhance pricing transparency for global Honey Brass, provide precise price anchors for long-term contract negotiations, spot settlement, and risk management, and facilitate the efficient allocation of global green recycled resources.
Copper Scrap – North America
l Canada Honey Brass (62%–65%) CIF China(payability)
l Mexico Honey Brass (60%–63%) CIF China(payability)
Copper Scrap – East Asia
l Japan Honey Brass (65%–66%) CIF China(payability)
Copper Scrap – Europe
l Europe Honey Brass (57%–62%) CIF China(payability)
II. Price Generation and Publication Specifications
1. Quality Standard: Comples with the national standard GB/T 38470-2023, “Recycling material for copper alloy.” If the standard is replaced, SMM will promptly revise based on actual conditions.
2. Price Attributes: CIF Chinese Ningbo Seaport, Payable on the Coefficient * LME, qutation period M+1(M stands for arrival month).Delivery within two months, with a minimum trading volume of 25 mt in physical content. The guidance price range under CIF terms, including the lowest and highest reference prices, covers T/T and other conventional payment methods, in units of coefficient (%).
3. Publication Schedule: Will be published on the SMM offcial website before 14:00 Beijing time on each trading day and synchronized to the member system, providing complete historical curve backtracking and analysis tools.
We welcome more enterprises in the industry chain to participate and support SMM in better serving enterprises in the copper scrap industry chain.
If you have any questions, please call for consultation.
SMM Copper Research Team, Huang Yutong (May)
Contact: +86-21-20707843
Email: huangyutong@smm.cn