Copper prices experienced a significant surge, prompting a notable impact on secondary suppliers of copper raw materials. The market dynamics on March 5 saw futures closing at 76,950 yuan per metric ton, showing a slight decrease from the previous trading day. Meanwhile, the average spot premiums/discounts witnessed an increase, standing at -40 yuan per metric ton. Secondary copper raw material prices maintained stability, with Guangdong bare bright copper priced at 70,600-70,800 yuan per metric ton.

The price discrepancy between primary metal and scrap, as well as primary and secondary copper rods, remained unchanged. Notably, copper prices saw a noteworthy spike of 400 yuan per metric ton towards the market close. However, the impact of this surge on the supply of secondary copper raw materials remains uncertain, given that most secondary copper rod enterprises had already completed their daily procurement activities by that time.

Following the market closure, there was a mention by US President Trump regarding the potential imposition of a 25% tariff on aluminum, steel, and wood. This development led to an increase in both COMEX copper and LME copper prices. The future trend of SHFE copper prices is anticipated to further stimulate the supply of secondary copper raw materials if they continue on an upward trajectory.

This price surge in copper reflects the intricate interplay between global economic policies and market forces, underscoring the importance of monitoring geopolitical events for their impact on commodity prices. The resilience of copper as a crucial industrial metal is evident in its ability to respond swiftly to external stimuli, thereby influencing the behavior of market participants across the supply chain.

In conclusion, the recent upsurge in copper prices serves as a catalyst for secondary suppliers to reassess their strategies in response to evolving market conditions. The intricate balance between supply and demand, coupled with external geopolitical factors, underscores the need for stakeholders to remain vigilant and adaptable in navigating the dynamic landscape of the copper market.