Copper Rod Producers' Operating Rate Surges 1.6% WoW, Beating Expectations Amid Price Drop

Published: Jun 12, 2026 09:36

Save

[SMM Copper Cathode Rod Flash] This week, the operating rate of copper cathode rod producers rose 1.6 percentage points WoW, beating expectations by 6.16 percentage points. The sharp retreat in copper prices spurred concentrated price fixings among downstream wire, cable, and enamelled wire users, and new orders at copper rod mills drove an above-expectation recovery in operating rates. Demand from top-tier wire and cable players rebounded markedly, while enamelled wire orders recorded only a mild improvement, without explosive growth.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Inventory Hit a New Low, Suppliers Actively Held Prices Firm, Premium Cumulatively Surged by 230 yuan/mt This Week [SMM South China Spot Copper]

1 hour ago

Rising copper prices dampen downstream buying interest, market cools down again [SMM North China spot copper]

Today, spot #1 copper cathode in North China against the front-month contract was quoted at discounts of 260-140 yuan/mt, with the average discount at 200 yuan/mt, down 10 yuan/mt from the previous trading day. The average transaction price was 104,490 yuan/mt, up 1,460 yuan/mt from the previous trading day.

1 hour ago

Copper Price Pullback Drives Order Growth, Operating Rate Rebounded This Week [SMM Wire and Cable Market Weekly Review]

1 hour ago