Copper Prices Drop: SMM Enterprises Restock Raw Materials, Finished Product Inventories Decline

Published: Jun 26, 2026 23:18

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On the inventory side of SMM copper wire and cable enterprises this week, companies restocked raw materials on dips, primarily by first locking in prices and then picking up goods as needed, without large-scale stockpiling, sending raw material inventories up 2.71% WoW. When copper prices initially fell, downstream customers concentrated on cargo pick-up, driving destocking of finished product inventories. The market then held a wait-and-see stance, and finished product inventories fell 1.86% WoW.

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