Some Enterprises Suspended Taking Orders, Wait-and-See Sentiment in the Secondary Copper Rod Market Intensified

Published: Nov 18, 2025 15:03

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[SMM Secondary Copper Rod Express]The copper futures price closed at 85,850 yuan/mt in the afternoon session today, down 720 yuan/mt from the previous trading day. Affected by the weaker copper prices, secondary copper rod offers in Hubei fell to 85,200-85,300 yuan/mt, at a discount of 550-650 yuan/mt against the front-month contract, with an average discount of 600 yuan/mt. According to SMM, some secondary copper rod enterprises have suspended taking new orders and will switch to a wait-and-see stance after completing the delivery of current orders. The overall market trading atmosphere remained sluggish.

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