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Semi-annual Market Review & Outlook for Copper Cathode Rod: How Did Unexpected Cut-throat Competition in Processing Fees Shape the Market? [SMM Analysis]: With frequent tariff disputes and intense price competition, the copper cathode rod market in 2025 has experienced multiple fluctuations, even witnessing zero or negative processing fees in mid-year. Now that half of 2025 has passed, how are downstream consumption and processing fees performing? What are the differences or similarities in the YoY operating rate performance in H1? Below is a summary of the semi-annual review of the copper cathode rod market:
Jul 08, 2025 16:06
Domestic sales showed slight resilience in July, while exports have already declined significantly. National subsidies and other policies remain unclear at present, and air conditioner inventories are high, posing pressure on both OEMs and channel distributors. After entering August and September, both domestic sales and exports are expected to decline significantly, with the operating rate of copper pipe & tube enterprises projected to be only 60-70%.