Copper Price Pullback Drove Restocking, Secondary Copper Rod Trading Improved Somewhat

Published: Mar 18, 2026 14:12

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[SMM Secondary Copper Rod Flash] At midday today, the front-month contract closed at 98,660 yuan/mt, down 1,470 yuan/mt from the previous trading day. In Hubei, secondary copper rod was quoted at an average premium of 340 yuan/mt against the front-month contract. Driven by the pullback in copper prices, downstream buying interest on dips improved, trading sentiment in the secondary copper rod market was active, and overall transactions improved somewhat from the previous period.

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