Domestic Copper Rod Inventories Show Divergent Trends Amid High Premiums and Weak Orders

Published: Jul 17, 2026 10:33

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[SMM Copper Cathode Rod Express] Over the past week, inventories at domestic copper cathode rod enterprises showed a divergent pattern. Affected by high premiums and wide price spreads between futures contracts, enterprises had insufficient raw material purchase willingness, and raw material inventories declined WoW; downstream orders were weak, the end-user cargo pick-up pace slowed, and industry finished product inventories rose WoW.

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