SMM Morning Meeting Summary: LME copper was closed overnight. The most-traded SHFE copper 2607 contract opened higher with a gap at 106,300 yuan/mt overnight. Copper prices then quickly shifted their center downward, followed by wild swings during which prices dipped to 105,420 yuan/mt. Near the end of the session, prices fluctuated upward and ultimately closed at 105,780 yuan/mt, up 0.39%. The trading volume reached 26,500 lots, and open interest stood at 181,000 lots, down 1,026 lots from the previous trading day, indicating bears reducing their positions.

On May 14-15, 2026, the SMM WCCE 2026 (4th) Wire & Cable Industry Development Conference and Industrial Exhibition will grandly open at the Suzhou International Conference Hotel. Focusing on precise matchmaking across the cable industry chain, the exhibition centers on full-chain resource integration and efficient supply-demand matching, building a premium bridge for business negotiations and technical exchanges among industry partners. Continuus-Properzi S.p.A has been deeply engaged in continuous casting and rolling processes for non-ferrous metal rod , continuously innovating aluminum and copper rod production technologies. The company will showcase its complete production line solutions at the exhibition, providing professional technical and equipment support to global clients. Since introducing the continuous casting and rolling process for non-ferrous metal rod in the 1940s, the company has continuously developed technologies for aluminum and copper rod production. Today, the company offers complete production lines, including furnaces, casting equipment, rolling mills, and double-shaft coilers , providing support to global clients. Properzi Continuous Casting and Rolling Aluminum Rod Production Line The company's technology has made it possible to produce high-quality aluminum and copper wire worldwide. In copper rod production, copper rod can be produced from copper cathode or 100% low-quality copper scrap, while still achieving excellent end-product standards. Through the company's FRHC (Fire-Refined High-Conductivity Copper) technology , by supporting the use of recycled copper and green copper along with Properzi refining technology , the company contributes to reducing CO2 emissions in the copper value chain. Furthermore, with the company's innovative SAM (Self-Annealing Micro-Rolling®) technology , 0.008 mm copper rod can be processed into 1.8–0.002 mm soft wire without the need for an annealing furnace. This significantly saves energy — for every mt of FRHC copper rod produced from 100% scrap raw material, up to 7,000 kg of CO2e can be reduced . The company's product portfolio also includes the "Pro-Form" continuous rotary extrusion system , suitable for various applications in the copper and aluminum sectors. The company also manufactures furnaces for aluminum and copper smelters : Vert-Melt® for aluminum production lines, combining a vertical melting furnace with a static receiving/holding furnace. Vert-Ref® converter. Shaft+Holding shaft furnace + holding furnace for copper production lines. Efficient after-sales service is an important part of the company's corporate culture. They provide on-site technical support, remote consultation, and spare parts supply to ensure the continuity of production operations. They can also provide equipment supply on an EPC (Engineering, Procurement, and Construction) basis, enabling clients to access an integrated installation service process. Remote After-Sales Technical Consultation Services Most importantly, the company believes that their work is not just about technology. It also involves collaboration, sharing expertise, and long-term partnerships — building lasting connections, just like the continuous rod produced on the company's production lines. May 14-15, 2026, Suzhou International Conference Hotel, Jiangsu , friends from all sectors are welcome to attend the conference in person and visit the booth of Continuus-Properzi S.p.A (C03) to experience up close the technical strength and product appeal of aluminum and copper wire production technology enterprises, explore new cooperation opportunities, and open a new chapter for the industry together. SMM WCCE 2026 (4th) Wire & Cable Industry Development Conference and Industrial Exhibition May 14-15 Suzhou International Conference Hotel, Jiangsu Participating enterprises: Qifan Cable, Kunyi Cable, Senyuan Cable, Sanwu Cable, Huili Cable, Wanma Co., Ltd., Xinhai High Conductivity, Chenfeng Yongliang, Xinhuang Group, Dongwu Futures, Guojia Conductor, Hongxing Meike, Dongfeng Cable, Qijia Industrial, Beijing Shougang Group Ferroalloy, Xinhongye, Yingtan Chaolong, Meichuangli, Jiuli Electric, Xinzi Nengke, Xindongang Electric, Hangtian Electric, Guochu Logistics, Jielüda, Jinhuijia, Xindian Aluminum Alloy, Gangwei Ultrasonic, Jinrui Qianyuan... Click to View ☛ |

The copper scrap market this week operated under the impetus of a strong macro-driven rally in copper prices. Futures and spot prices rose in tandem, but the intensifying divergence in sentiment and behavior between upstream and downstream participants along the industry chain lent the market a complex character best described as "price-driven transactions amid an unchanged weak supply-demand landscape.

The operating rate of secondary copper rod in March 2026 was 14.25%, below the expected 16.26%, up 6.27 percentage points MoM and down 25.93 percentage points YoY. In March, China's secondary copper rod market struggled under multiple pressures including wild swings in copper prices, deepening industrial fiscal and tax policy reforms, and structural tightness in raw material supply, failing to exhibit the traditional seasonal recovery

SMM Morning Meeting Summary: Overnight, LME copper opened at $12,286.5/mt and fluctuated downward in early trading to a low of $12,212/mt. Copper prices then fluctuated upward, with the center moving up to $12,408/mt, before falling back again to finally close at $12,348.5/mt, down 0.99%. Trading volume reached 20,000 lots, and open interest stood at 295,000 lots, an increase of 3,702 lots from the previous trading day. Overnight, the most-traded SHFE copper 2605 contract opened at 95,660 yuan/mt and dipped to 95,300 yuan/mt in early trading. Copper prices then fluctuated upward, with the center moving up to a high of 96,680 yuan/mt, before fluctuating downward to finally close at 96,150 yuan/mt, down 0.08%. Trading volume reached 36,500 lots, and open interest stood at 181,000 lots, a decrease of 1,608 lots from the previous trading day, mainly due to bulls reducing positions.

According to SMM’s post-holiday survey, as of February 27, the weekly operating rate of secondary copper rod enterprises was 2.15%, down 1.22% from the first week after the Chinese New Year holiday in previous years, while the weekly operating rate of scrap-based anode plate was 7.45%, down 51.74% YoY. The pace of work and production resumptions among domestic secondary copper utilization enterprises showed clear regional divergence