Fewer Offers for Secondary Copper Rod in Hubei, Slow Pace of Resuming Operations

Published: Mar 4, 2026 11:59

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[SMM Flash] SHFE copper front-month contract closed at 101,850 yuan/mt at midday, down 580 yuan/mt from the previous trading day. Secondary copper rod in Hubei was quoted at 101,900-102,000 yuan/mt, with an average premium of 100 yuan/mt against the front-month contract. At present, local copper rod enterprises resumed operations at a relatively slow pace, with fewer market offers and overall sluggish trading.

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