According to SMM, under the pressure of high copper prices and high premiums, the average new orders of copper cathode rod enterprises significantly decreased this week, dropping nearly 80% compared to the peak after the Qingming Festival. Currently, the production schedule mainly relies on previous orders on hand. According to the enterprises' feedback, if copper prices do not significantly decrease after the May Day holiday, the growth of orders for copper cathode rod enterprises may face insufficient momentum in the future.