In light of the recent sharp decline in copper prices, SMM reports a noticeable deceleration in the global copper scrap trading trend. The rapid price correction has widened the bid-ask spread significantly, creating a sharp divergence in pricing expectations between market participants. Taking Bare Bright Copper as an example, overseas holders, seeking to hedge against the drop in absolute prices, have hiked their pricing coefficients to 99-99.5% of LME, a 1-percentage-point jump from 98-98.5% last week. Conversely, Chinese importers, constrained by domestic margin pressures, remain firm at the previous 98.5% coefficient. This "pricing mismatch" has hindered any consensus on coefficients, resulting in stagnant transaction activity across the board.

[SMM NPI Market Transaction Update] SMM reported on June 23 that according to market sources, a stainless steel mill in South China concluded a transaction for high-grade NPI today, with a transaction price of 910 yuan/mtu (on board including tax, Ni≥11%), from Indonesia. The total transaction volume was tens of thousands of mt, with delivery scheduled for mid-to-late July.

At the 2025 SMM (2nd) Global Renewable Metal Industry Chain Forum - Secondary Copper and Aluminum Forum, hosted by SMM Information & Technology Co., Ltd., Zhang Xiaoyao, the project leader of SMM Recycling, shared insights on the topic of "Driving Business Opportunities and Reducing Operating Costs: SMM Serving the Global Secondary Copper and Aluminum Metals Market."

[SMM Rebar Production Schedule: Maintenance Plus Shift to Product Variety Materials, Rebar Production Reduction Hits Record High This Year] The planned rebar production in June was 8.5197 million mt, a decrease of 820,600 mt compared to the actual production in May, representing an 8.79% decline; the planned wire rod production in June was 3.4809 million mt, a decrease of 208,500 mt compared to the actual production in May, representing a 5.65% decline.

This week, Indonesian nickel ore prices saw an increase. NPI prices still faces pressure

SMM Statistics: On June 5, SMM reported that the aluminum inventory in the Shanghai Bonded Zone was 105,300 mt, and the inventory in the Guangdong Bonded Zone was 13,500 mt, totaling 118,800 mt. The inventory increased by 3,100 mt WoW.