Rares cotations pour les tiges de cuivre secondaires, sentiment de marché atone

Air Conditioners in Southeast Asia: Market demand is steadily recovering. Affected by the El Niño climate, extreme high temperatures frequently hit Southeast Asia, continuously activating residents' rigid cooling demand. Combined with accelerating urbanization, expanding commercial and industrial supporting facilities, sufficient destocking of end-user inventories, a recovery in dealers' willingness to restock, and ample room for penetration rate growth, this supports the steady rise of regional demand.

ChinaIOL monitoring data shows that in May 2026, China's household air conditioner production was 18.74 million units, down 10.0% YoY; sales were 19.58 million units, down 11.1% YoY; of which exports were 7.58 million units, down 4.2% YoY; and domestic sales were 12.00 million units, down 15.0% YoY. Production and sales continued to decline. Affected by the domestic end-use market climate, the YoY decline in domestic sales widened significantly. Under inventory pressure, production was proactively reduced to start destocking.