Futures Weakness and Raw Material Resilience Keep Secondary Copper Rod Prices Firm

Published: Jun 9, 2026 16:18

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[SMM Secondary Copper Rod Flash] In midday trading today, the front-month contract closed at 103,930 yuan/mt, down 220 yuan/mt from the previous trading day. Secondary copper rod quotations in Hubei were at a discount of 80 yuan/mt against the average price of the front-month contract. Recently, copper futures prices pulled back significantly, but the decline in copper scrap was relatively limited. The market showed a strong intention to hold prices firm, with some quotations already close to the futures level or even at a slight premium.

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