The Sentiment Index for Copper Cathode Market Procurement in Shandong Region Was 1.2

The front-month contract closed at 102,380 yuan/mt during the midday session today, up 680 yuan/mt from the previous trading day. In Hubei, secondary copper rod was quoted at 101,300–101,400 yuan/mt, at a discount of 980–1,080 yuan/mt (average discount of 1,030 yuan/mt) against the front-month contract. As the Chinese New Year holiday ended, enterprises gradually resumed production, but the actual transaction atmosphere remained sluggish.

According to a message from the National Energy Administration's official Weibo account, 2026 marks the beginning of the 15th Five-Year Plan. On one hand, efforts will be made to steadily advance strategic and symbolic major projects, safely and orderly promote the construction of the hydropower project in the lower reaches of the Yarlung Zangbo River, and plan the construction of backbone transmission channels such as wind and PV power bases in the "Three Norths" regions, integrated hydro, wind and solar energy bases in the southwest, coastal nuclear power bases, and offshore wind power bases. On the other hand, the implementation of EV charging network enhancement projects and the construction of a number of solar thermal power generation projects will be carried out.

According to Cailian Press, Ren Yuzhi, Director General of the Planning Department of the National Energy Administration, stated that the overall goal for the 15th Five-Year Plan period is to preliminarily establish a new-type energy system, further enhance the comprehensive energy production capacity, make new energy the main source of power installed capacity, increase the proportion of non-fossil energy consumption to 25%, and raise the proportion of electricity in terminal energy consumption by about 1 percentage point annually.