Recently, secondary copper rod quotations have risen in tandem with secondary copper raw material prices. Supply and demand side, the increase in copper prices has passively driven up secondary copper rod quotations. However, downstream enterprises show low acceptance of high prices, mostly purchasing as needed, resulting in sluggish market transactions and a stalemate between sellers and buyers. In the short term, secondary copper rod prices will continue to be influenced by copper price fluctuations, but weak downstream consumption may limit their upside room. It is expected that secondary copper rod prices will hover at highs, with future attention needed on copper price trends and the recovery of downstream consumption.