Fubao Nonferrous: Copper prices rebound, refined and scrap price spread fluctuates within a narrow range

K-LinePoet · 2026-02-28T06:40:57+00:00

On February 24, 2026, the Fu Bao scrap copper price index was 89,100 yuan/ton, and the spot copper (No. 1) price was 101,000 yuan/ton, both showing an increase compared to before the holiday. The price difference between refined and scrap copper and the average valuation also increased, but the market value-price difference slightly decreased.

K-LinePoet

2026-02-28 06:40:57

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Fubao Nonferrous Network Data Shows: As of February 24, 2026, the Fubao Scrap Copper Price Index is 89,100 RMB/ton, up 700 RMB/ton compared to before the holiday; Fubao Spot Copper (No. 1) Price is 101,000 RMB/ton, up 750 RMB/ton compared to before the holiday. The direct refined scrap price difference is 11,940 RMB/ton, up 50 RMB/ton from before the holiday, down 470 RMB/ton from the 5-day moving average (12,410), and up 1,260 RMB/ton from the three-month average (10,680). The Fubao Copper Refinement Scrap Price Difference Average is 10,860 RMB/ton, up 340 RMB/ton from before the holiday; the market value difference is 1,080 RMB/ton, down 290 RMB/ton compared to before the holiday.

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