Demand for secondary copper rod in Hubei remained sluggish

Published: Feb 3, 2026 12:02

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The front-month contract closed at 101,100 yuan/mt in the afternoon session today, up 1,140 yuan/mt from the previous trading day. Secondary copper rod in Hubei was offered at 100,200-100,300 yuan/mt, at a discount of 800-900 yuan/mt (average discount of 850 yuan/mt) against the front-month contract. Affected by wild swings in copper prices and persistently sluggish downstream consumption of secondary copper rod, the actual market trading atmosphere was sluggish, with low activity.

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