Copper prices pulled back, dragging down the market, with some secondary copper rod enterprises suspending order-taking and turning to a wait-and-see stance.

Published: Dec 2, 2025 14:00

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[SMM Secondary Copper Rod Market] The futures market closed at 88,490 yuan/mt during the midday session today, down 720 yuan/mt from the previous trading day. In Hubei, secondary copper rod prices were quoted at 87,300-87,400 yuan/mt, at a discount of 1,090-1,190 yuan/mt against the front-month contract (average discount of 1,140 yuan/mt). According to SMM, affected by falling prices and weakening orders, some secondary copper rod enterprises have voluntarily stopped taking new orders and are expected to shift to monitoring market developments after completing existing orders.

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