Copper Futures Decline, Secondary Copper Rod Market Demand Sluggish

게시됨: Mar 11, 2025 13:35
At 11:30 today, the futures closing price was 77,660 yuan/mt, down 500 yuan/mt from the previous trading day. In Hubei, the discount of secondary copper rod against the front-month contract ranged from 560 yuan/mt to 460 yuan/mt, with an average discount of 510 yuan/mt. The quotation range for secondary copper rod was 77,100 yuan/mt to 77,200 yuan/mt. Although copper prices retreated today, feedback from enterprises indicated that market transactions remained mediocre, with weak downstream purchase willingness and strong wait-and-see sentiment. Overall, the secondary copper rod market demand was sluggish, and prices fluctuated with copper prices. The likelihood of significant improvement in transactions in the short term remains low.

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At 11:30 today, the futures closing price was 77,660 yuan/mt, down 500 - Shanghai Metals Market (SMM)