Domestic Copper Cathode Rod Enterprises' Operating Rate Drops on Record High Copper Prices

Published: Oct 31, 2025 22:14

Save

The operating rate of major domestic copper cathode rod enterprises this week (October 24–October 30) was 60.43%, down 1.12 percentage points MoM and down 13.69 percentage points YoY. The main reason was that copper prices hit another record high this week, significantly dampening downstream procurement sentiment and leading to weak actual market transactions.

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 to learn 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

56 mins ago

Uncertainty Still Surrounds the Situation in the Middle East, the Most-Traded BC Copper Contract Closed Down 0.05% [SMM BC Copper Commentary]

56 mins ago

2 hours ago

Data: SHFE, DCE market movement (Apr 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Apr , 2026

2 hours ago

Cautious Procurement and Slow Pickup Pace Lead to Stable Copper Cathode Rod Operating Rates

【SMM Copper Cathode Rod Flash Update】Inventory side, affected by higher copper prices, enterprises became more cautious in raw material procurement, and raw material inventory pulled back; downstream pick-up pace was relatively slow, with enterprises basically balancing production and sales, and finished product inventories edging down slightly. Next week, the operating rate of copper cathode rod enterprises is expected to be stable with a slight decline, and SMM expects the operating rate to pull back MoM to 82.58%.

2 hours ago