Driven by global economic integration and technological innovation, magnet wire, as a fundamental material for the electrical power and electronics industries, has seen continuously climbing demand. In 2025, the rapid development of China's NEV, smart power grid, and other industries injected strong momentum into the magnet wire industry. Meanwhile, tightening environmental protection regulations and rising technological barriers accelerated the industry's transition toward green production and intelligent manufacturing. The eastern region exhibited a notable industrial clustering effect, the central and western regions accelerated their industrial layout leveraging resources and policy support, and the northeast embraced new opportunities through the Belt and Road Initiative. Against this backdrop, Zhejiang Jinjia Special-Shaped Copper Co., Ltd. joined hands with SMM to jointly produce the which came into being at the right moment. Through data collection and regional analysis, the industry distribution map was created to reveal development characteristics and trends, providing a scientific basis for enterprise strategies, policy formulation, and investment decisions, and facilitating the high-quality development of China's magnet wire industry. (Claim your free distribution map:) Specializing in High-Precision Oxygen-Free Copper Product Series ▌Company Profile Zhejiang Jinjia Special-Shaped Copper Co., Ltd. , located at No. 3 Chuangzhi Road, Lijiaxiang Town, Changxing County, in the Changxing Sub-zone of the South Taihu Lake Industrial Cluster Area, covers a land area of 111.8 mu, with a total building area of 167,600 m² for workshops and office buildings. The company specializes in high-precision oxygen-free copper processing, professionally producing premium upward-cast oxygen-free copper rod, oxygen-free copper busbar, copper billet, and special-shaped copper semis, as well as high-precision oxygen-free copper plate and copper strip products . The company owns multiple sets of domestically advanced energy-saving and environmental protection upward continuous casting units, capable of providing clients with premium electrical oxygen-free copper rod in various specifications ranging from Ø8.0 to Ø35.0 mm. The company owns multiple sets of the most advanced domestic copper semis continuous extrusion units of various models and fully automatic copper busbar drawing and straightening integrated units, capable of providing clients with copper busbars and copper billets in various specifications, producing copper busbar products with widths of 320 mm and below, and producing copper billet products with diameters of Ø120 mm and below, with internal quality and oxygen content both exceeding national standard requirements. The company possesses strong mold design and development capabilities, enabling it to provide clients with technical support and develop special-shaped copper busbars and electrical special-shaped products. The company co-established a "production-academia-research" research base with the Continuous Extrusion Research Center of Dalian Jiaotong University. Relying on Dalian Kangfeng Technology Co., Ltd., it developed the world's first TLJ800U copper semis continuous extrusion unit. The commissioning of this equipment enables the company to provide clients with oxygen-free copper plate/sheet and strip with a thickness of 12–20 mm and a width of 420–630 mm. The company also collaborated with China Copper Industry Kunming Heavy Industry on a copper plate/sheet and strip rolling production line and its ancillary facilities. Once in operation, it can provide clients with copper plates, copper strips, and other products in various specifications. The company has obtained certifications for the ISO 9001-2015 Quality Management System, ISO 14001-2015 Environmental Management System, and ISO 45001-2018 Occupational Health and Safety Management System, strictly implementing standardized management to provide reliable assurance for product quality. ▌ Contact Information Xu Jianhua 139 5759 7472 SMM Contact Chen Xiaolong 180 1708 9983 Long press to scan the QR code for a free distribution map
May 28, 2026 16:28North Copper stated at its earnings briefing on May 22 that since 2025, the contributions of sulphuric acid and precious metals businesses to the company's operating performance had increased significantly. Going forward, the company would further adjust its copper raw material structure, increase the procurement proportion of gold concentrates, and boost gold production. Meanwhile, it would increase R&D and capacity for mid-to-high-end copper strip products, raise the production proportion of treated foil in rolled copper foil, and continuously enhance the added value of copper processing products.
May 24, 2026 00:15SMM News on May 21: Guangdong region: Premiums in this region trended gradually lower this week, mainly due to increased arrivals coupled with weakening consumption. As of Thursday, high-quality copper was quoted at 240 yuan/mt, down 30 yuan/mt from last Thursday; standard-quality copper was quoted at a premium of 160 yuan/mt, down 40 yuan/mt from last Thursday; SX-EW copper was quoted at 90 yuan/mt, down 40 yuan/mt from last Thursday. On Thursday, the price spread of standard-quality copper premiums between Shanghai and Guangdong showed Guangdong higher by 270 yuan/mt, and it widened to 300 yuan/mt mid-week. The relatively large price spread led to cargoes from Jiangxi and Shanghai flowing southward. According to SMM statistics, as of Thursday, total inventory in Guangdong warehouses was 20,300 mt, up 3,400 mt from last Thursday, while warrants totaled 4,900 mt, down 152 mt from last Thursday. Specifically: warehouse arrivals this week were 17,000 mt/week, up 4,000 mt/week WoW, higher than the annual average (14,000 mt/week), mainly due to increased arrivals from northern cargoes. Warehouse withdrawals were 13,700 mt/week, down 1,100 mt WoW, slightly below the annual average (14,200 mt/week), as terminal orders decreased and copper processing enterprises' operating rates declined. Looking ahead to next week, affected by increased supply and weakening demand (according to our understanding, a large copper processing enterprise will see significant production cuts next week), inventory is expected to continue increasing, and spot premiums are expected to continue declining. (The above information is based on market collection and comprehensive assessment by the SMM research team. The information provided in this article is for reference only. This article does not constitute a direct recommendation for investment research decisions. Clients should make prudent decisions and not use this as a substitute for independent judgment. Any decisions made by clients are unrelated to SMM.)
May 21, 2026 15:13![[SMM Analysis] Copper-related Policy Shifts Across the Americas - The United State](https://imgqn.smm.cn/production/admin/votes/imagesgNOka20260520113312.webp)
[SMM Analysis]: Copper-related Policy Shifts Across the Americas: Copper is no longer merely an industrial metal — it is rapidly emerging as a strategic resource. From mining policy reforms in Chile and Peru, to the U.S. Section 232 investigation and the strengthening of North American critical minerals strategies, copper policies across the Americas in 2025–2026 are set to exert profound influence over global copper supply-demand balances, smelting dynamics, and copper price volatility.
May 20, 2026 11:35[SMM Shanghai Spot Copper] Copper prices declined intraday, dipping to around 103,500 yuan/mt. Downstream buying interest rebounded notably compared to the previous trading day. According to SMM, orders at some copper processing enterprises rebounded by more than 30% from the previous day.
May 18, 2026 09:46SMM May 14 Update: Guangdong region: Premiums in this region fluctuated at highs this week. Although copper prices surged significantly, suppliers maintained a bullish stance on premiums and were unwilling to lower prices for shipments, keeping premiums firm. As of Thursday, high-quality copper was quoted at 270 yuan/mt, on par with last Thursday; standard-quality copper premiums were quoted at 200 yuan/mt, up 10 yuan/mt from last Thursday; SX-EW copper was quoted at 130 yuan/mt, up 10 yuan/mt from last Thursday. On Thursday, the price spread of standard-quality copper premiums between Shanghai and Guangdong showed Guangdong higher by 280 yuan/mt. Given the large price spread, cargoes from Jiangxi and Hunan moved southward. According to SMM statistics, as of Thursday, total inventory in Guangdong warehouses was 16,800 mt, down 1,500 mt from last Thursday, with warrants totaling 5,100 mt, up 675 mt from last Thursday. Specifically: Arrivals at warehouses this week were 13,000 mt/week, up 1,100 mt/week WoW, below the annual average (14,000 mt/week); increased arrivals from northern sources were the main reason. Warehouse withdrawals were 14,800 mt/week, up 3,600 mt WoW, slightly above the annual average (14,200 mt/week). As downstream restocking before the holiday was limited, end-user enterprises began restocking after the holiday, driving up warehouse withdrawals. Looking ahead to next week, as copper prices hover at historical highs, end-user cargo pick-up enthusiasm declined notably this week, and finished product inventories at many copper processing enterprises increased. Production cuts are expected next week. Therefore, inventory is expected to edge up next week, and premiums are expected to hover at highs without further climbing. (The above information is derived from market data collection and comprehensive assessment by the SMM research team. The information provided in this article is for reference only. This article does not constitute direct advice for investment research decisions. Clients should make prudent decisions and not replace independent judgment with this information. Any decisions made by clients are not related to SMM.)
May 14, 2026 15:27To better serve industrial clients and more closely align with the market, SMM has added a weekly price for 1.8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne, which will be officially launched on the SMM website (smm.cn) on December 19, 2025. 1. SMM 1.8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne Methodology 1.1 SMM Price Assessment Methodology General Provisions Shanghai Metals Market (SMM) is a fully independent third-party service organization that does not participate in any actual transactions. Instead, it maintains close communication with buyers or sellers in the market as an observer or organizer and provides relevant services to the market. SMM continuously develops, reviews, and revises its methodology through communication with industry professionals, adopting the most common product specifications, trade terms, and trade conditions in the industry. Equal importance is given to normal transactions that meet the standard specifications. SMM reserves the right to exclude any price information deemed less reliable or unrepresentative from its price assessments. SMM publishes daily spot metal prices (or price indices, including those for the Chinese market, markets outside China, and global markets), commonly referred to as SMM prices. For each published SMM price, a corresponding methodology is established (all of which are available for reference on SMM’s official website, www.smm.cn). The methodology specifies the methods and procedures for generating and publishing SMM prices, and SMM strictly adheres to these guidelines when producing and releasing SMM prices. To align with the actual conditions of the spot market, SMM will make necessary revisions to the SMM price assessment methodology and announce these revisions on the official website www.smm.cn 28 days before their formal implementation. If you have any questions or suggestions regarding SMM prices or the methodology, please contact SMM customer service (contact information can be found on the official website www.smm.cn ). This document specifies the standards for formulating the weekly RC for 1.8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne. The purpose of establishing this standard by SMM is to create a transparent and verifiable mechanism for SMM price formation. The SMM Benchmark Management Committee also regularly reviews the methodology and its assessment and publication processes. This committee oversees SMM’s methodology and compilation procedures, ensuring that the prices or indices accurately reflect the objective conditions of the physical spot market for the relevant commodities. If the committee identifies any issues, it will promptly highlight them and propose external consultation and revisions to the ongoing methodology or processes, thereby improving the quality of SMM’s published prices or indices. The committee may only propose modifications to the methodology and procedures used for future price or index assessments it cannot alter already published prices or indices. 2. Formation of 8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne. 2.1 Significance of the Price Assessment Current copper rod industry faces increasingly prominent overcapacity issues, with low capacity utilization rates. The market for ordinary power-grade rods suffers from homogenized competition, processing fees are caught in internal competition, and profit margins for most enterprises are severely compressed. Against this backdrop, the copper rod industry is gradually transitioning toward high-quality development, enhancing product added value, expanding profit margins, and progressively addressing the structural imbalance of "excess low-end supply and insufficient high-end supply." Tin-plated copper rods, leveraging characteristics such as oxidation resistance, ease of welding, and strong stability due to the tin coating, meet the demands of high-end sectors like new energy vehicles and electronic devices. With the continuous expansion of emerging industries such as new energy and 5G communication, the tin-plated copper rod market holds broad prospects and will become a key direction for the transformation and upgrading of the copper processing industry. 2.2 SMM 1.8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne Price Assessment Methodology 2.2.1 Product Specifications and Standards Given the wide variety of tin-plated copper rod specifications, SMM adopts the 1.8mm diameter, which holds a relatively high market share, as the basis for quoting tin-plated copper rod processing fees, with reference to the standard GB/T3952-2016 Copper Rod for Electrical Purposes. 2.2.2 Price Terms Ex-works, China, 1.8mm Tin-Plated Copper Rod premium top on SMM 1# Copper Cathode 2.2.3 Payment Terms cash, other terms normalized. 2.2.4 Delivery Time Within 3 days. 2.2.5 Reference Transaction Volume Min 1 tones. 2.2.6 Delivery Location China 2.2.7 Price Release Time Weekly, by 11:30 am Beijing time, last working day of every week. 2.2.8 Processing Fee Format The reported processing fees are presented as a range, indicating the lowest and highest prices. For example: 1.8mm Tin-Plated Copper Rod Premium (Electroplating), Ex-works China, VAT included, yuan/tonne range 3,000–4,000 yuan/tonne, average: 3,500 yuan/tonne. 2.2.9 Price Collection Methodology SMM will, in accordance with the price collection confirmation agreement, have price analysts regularly collect price information from copper foil industry price contacts via phone, QQ, WeChat, fax, and email. This price information includes concluded transaction prices, the enterprise's expected most likely pending transaction prices, etc. All instant messaging content, email communications, and any records of face-to-face communications will be archived details of phone communications will be recorded and entered into the database. SMM analysts must comply with the Compliance System when reporting any forced or threatened communications from market participants, or any induced offers attempting to influence the assessment. Once published, SMM will not revise or adjust the price on the same day. 2.2.10 Standardization of Data Although SMM has standardized definitions for our prices, diversity exists in market transactions. The price of each transaction is influenced by numerous factors, including order size, brand of goods, delivery time, payment terms, etc. SMM will comprehensively consider market offers, bids, and transaction information, aligning them with our standards. Each price datum will be electronically recorded or accompanied by written records. All electronic and paper records must be archived by price collection personnel and retained long-term (at least 5 years) in secure network and physical environments. For details, please refer to the SMM Data Retention Policy. 2.2.11 Price Assessment Process The specific process is as follows: 2.3 Methodology Changes All markets change, and SMM has a responsibility to ensure that the methodology for market reports evolves with the market. Therefore, SMM will regularly conduct internal reviews of the methodology's appropriateness based on industry feedback. For all substantive but non-urgent potential modifications, SMM will follow a formal external consultation process. Major changes will then be announced with a notice period of at least 28 days, inviting industry comments, unless special circumstances, particularly force majeure (natural disasters, war, exchange bankruptcy, etc.), necessitate a shorter notice period. SMM is committed to carefully considering all comments on proposed methodology changes, but in some cases, it may be necessary to proceed with changes contrary to the wishes of some market participants. Additionally, SMM has a formal methodology consultation process. SMM commits to holding a formal consultation on the methodology every three years. The date of the last consultation and the deadline for the next consultation committed by SMM are located at the top of the methodology document. 2.4 Compliance with SMM Policies All relevant SMM employees must not only comply with the methodology published by SMM but also adhere to SMM's internal standards and policies. These include: SMM Conflict of Interest Policy, SMM Whistleblower Policy, SMM Error Correction Policy, SMM Methodology Review Consultation and Change Policy, SMM Complaints Policy, etc. Welcome more relevant enterprises in the industry chain to participate and support SMM in better serving related enterprises in the Copper Cathode Rod industry chain. For inquiries, please contact: Shanghai Metals Market Copper Research Team, Xinyang Wang Contact: 021-20707846, +86 15762822325
PriceDec 11, 2025 19:27