Copper Billet Market Experiences Slow February with Expected March Recovery

【Copper Billet Market Faces "Post-Chinese New Year Syndrome" in February, May "Fully Recover" in March】

According to SMM, the operating rate of copper billet producers in February 2025 was 40.42%, down 1.27% MoM. By scale, the operating rate of large enterprises was 41.42%, medium-sized enterprises 40.36%, and small enterprises 34.36%. Although post-holiday restocking demand was released, with robust performance in sectors such as refrigeration, sanitary ware, and electromagnetic wires, and enterprise orders were relatively strong, the overall operating rate did not rebound significantly.