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Copper prices fluctuate within a range, and tight scrap copper supplies have driven a slight narrowing of the refined and scrap price spread.
Fubao Nonferrous Network data shows: On February 27, 2026, the Fubao scrap copper price index is 90,900 yuan/ton, up 200 yuan/ton from yesterday; Fubao spot copper (1#) price is 102,110 yuan/ton, up 100 yuan/ton from yesterday, with a direct refined-scrap price difference of 11,210 yuan/ton, down 100 yuan/ton from yesterday, down 740 yuan/ton from the average of the past 5 days (11,950), and down 120 yuan/ton from the average of the past three months (11,330). The Fubao nonferrous copper refined-scrap price difference evaluation average is 11,070 yuan/ton, unchanged from yesterday; the market value price difference is 140 yuan/ton, down 100 yuan/ton from yesterday.