Copper enamelled wire market sentiment weakened in June.

Published: Jun 9, 2026 14:50

Save

According to SMM, by the end of May, contradictions between weak orders and rising inventories had already emerged in the market. In June, as the end-use off-season deepens, high copper prices further disrupt market purchasing sentiment. At the beginning of the period, enterprises proactively lowered operating rates and tightened production schedules to digest previously accumulated inventories. While demand in the power and new energy sectors remains resilient, the incremental gains cannot offset the decline in conventional end-use demand. The demand side is unlikely to see a substantive recovery in the short term. SMM expects the industry's operating rate to continue its pullback trend in June.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Data: SHFE, DCE market movement (Jun 09)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 09 Jun , 2026

1 hour ago

GAC: China's Cumulative Imports of Copper Ore and Concentrates Totaled 12.2753 Million Mt, January-May, Down 1% YoY

1 hour ago

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

[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.

1 hour ago