Copper Cathode Rod Producers Cautious Amid Price Rebound and Inventory Buildup

Published: Apr 10, 2026 13:32

Save

【SMM Copper Cathode Rod News Flash】Inventory side, copper prices rebounded coupled with production adjustments, copper cathode rod enterprises were cautious in raw material procurement, and raw material inventories pulled back somewhat; although downstream cargo pick-up saw some improvement, consumption failed to keep pace with production increases, and finished product inventories saw some inventory buildup. SMM expected enterprises to slow down production, with operating rates down 4.4 percentage points WoW.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

SHFE Copper Futures Warrants See 6,258 mt Outflow, Shanghai Shifts to Premiums

【SMM Copper News Flash】According to SHFE data, a total of 6,258 mt of copper futures warrants flowed out today, of which the Shanghai region saw the largest outflow of 4,398 mt. It is worth noting that the Shanghai region has shifted from spot discounts to spot premiums.

Common.Time.minsAgo

Data: SHFE, DCE market movement (Apr 10)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 10 Apr , 2026

Common.Time.minsAgo

Copper Pipe & Tube Operating Rate in March Significantly Exceeded Expectations

According to SMM data, the operating rate of copper pipe & tube enterprises was 82.45% in March, up 23.71 percentage points MoM and down 2.78 percentage points YoY.

Common.Time.minsAgo