Copper Futures Retreat as Market Awaits US Tariff Rules; Downstream Demand Weakens Amid Uncertainty

Published: Jun 30, 2026 11:22

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[SMM Copper Flash] Futures pulled back somewhat in early trading, while downstream enterprises await the detailed implementation rules of US tariffs, leaving significant uncertainty over future price trends; during the previous copper price correction, downstream enterprises had already completed concentrated price-fixing and restocking, which has overdrawn current procurement demand, and new orders for copper rod enterprises have weakened notably; market wait-and-see sentiment is strong, and copper rod processing fees remain unchanged.

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