Secondary Copper Rod Quotations Scarce, Market Trading Sentiment Sluggish

Air Conditioner Western Europe Market: Phased Channel Restocking Drives Recovery. The normalization of regional high temperatures activates rigid cooling demand. The low channel inventory, previously suppressed by high inflation and high costs, has become pronounced. As consumption recovers marginally and peak-season sell-through accelerates, channels begin concentrated restocking. This, together with EU energy-saving policies forcing product structure upgrades, supports a phased demand recovery.

Middle East Air Conditioning Market: Restocking Demand Concentratedly Released as Conflicts Ease. Regional geopolitical conflicts have eased in phases, trade and logistics order has been restored, releasing previously pent-up restocking demand; coupled with the implementation of large-scale infrastructure projects in various countries driving demand for commercial equipment, and the iteration of regional energy efficiency regulations accelerating the replacement of old products, further boosting the growth in import stockpiling.

Air Conditioners in Southeast Asia: Market demand is steadily recovering. Affected by the El Niño climate, extreme high temperatures frequently hit Southeast Asia, continuously activating residents' rigid cooling demand. Combined with accelerating urbanization, expanding commercial and industrial supporting facilities, sufficient destocking of end-user inventories, a recovery in dealers' willingness to restock, and ample room for penetration rate growth, this supports the steady rise of regional demand.