SMM: Domestic Copper Cathode Rod Firms See Raw Material Stocks Up, Finished Goods Down

Published: Nov 24, 2025 17:55

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[SMM Copper Express] Raw material inventories at major domestic copper cathode rod enterprises increased 5.75% WoW to 27,600 mt last week (November 14–20), while finished product inventories dropped 7.04% WoW to 67,300 mt. The changes were mainly due to copper cathode rod enterprises restocking raw materials amid lower copper prices, as well as enhanced downstream willingness to pick up goods leading to destocking.

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