Fubao Nonferrous: Copper prices stabilize and rebound, with scrap copper supporting prices and driving the narrowing of the refined-to-scrap price spread

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Fubao Nonferrous Network Data Shows: As of March 10, 2026, the Fubao Scrap Copper Price Index is 91,300 yuan/ton, up 1,700 yuan/ton from yesterday; the spot copper (No. 1) price is 101,500 yuan/ton, up 1,160 yuan/ton from yesterday. The direct refined scrap price difference is 10,200 yuan/ton, down 540 yuan/ton from yesterday, down 620 yuan/ton from the 5-day moving average (10,820), and down 1,430 yuan/ton from the recent three-month average (11,630). The Fubao refined scrap copper price difference average is 11,380 yuan/ton, up 210 yuan/ton from yesterday; the market value price difference is -1,180 yuan/ton, down 750 yuan/ton from yesterday.

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