Copper Futures Decline, Secondary Copper Rod Production Curbed by High Raw Material Costs

Published: May 13, 2025 13:26

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At midday today, copper futures closed at 78,190 yuan/mt, down 170 yuan/mt from yesterday. In Hubei, secondary copper rod was quoted at 77,700-77,800 yuan/mt, with a discount of 390-490 yuan/mt (average discount of 440 yuan/mt) against the front-month contract. Secondary copper rod plants generally reported that high raw material prices had limited production activity, resulting in generally average overall production performance. Some copper rod enterprises were also affected, with lower spot reserves.

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