Tingkat Operasi Billet Tembaga Diperkirakan Sedikit Menurun Lagi Minggu Depan

[SMM Copper Cathode Rod News] During the copper price correction, copper cathode rod enterprises carried out essential restocking of raw materials, with raw material inventories up MoM. Downstream clients actively fixed prices and picked up goods to seize the price window, leading to a reduction in finished product inventories, which fell MoM.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 21 Aug , 2026

[SMM Copper Cathode Rod News] This week, the operating rate of copper cathode rod increased by 1.89 percentage points WoW. Copper prices sharply consolidated and pulled back. Downstream demand previously suppressed by high prices was released in a concentrated manner, and new orders for copper cathode rod rebounded significantly. End-users of cable and enamelled wire made concentrated procurement for essential needs, which drove up the production load of enterprises.