Copper Cathode Market Activity in Henan Remains Low

Published: Feb 26, 2026 09:37

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Yesterday, the average spot price of copper cathode in Henan was reported at a discount of -345 yuan/mt. According to SMM feedback, although downstream copper processing enterprises have gradually resumed work after the holiday, the recovery of end-use consumption has lagged, and market trading activity has been sluggish. Currently, spot order discount quotes are scarce, with most enterprises still digesting pre-holiday inventory and showing weak purchase willingness. Overall market activity remains at a low level.

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