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Copper rod companies maintain low raw material inventories; next week's operating rate is expected to face pressure.

K-LinePoet
Copper prices declined this week, prompting copper rod companies to actively stock up on dips, but recycled yellow copper sources remain tight and prices stay high, limiting companies' replenishment space. Raw material inventories only slightly increased to 3.57 days. Looking ahead to next week (6.12-6.18), most copper rod companies will continue with previous orders and production. Currently, the industry fundamentals—characterized by tight raw materials, high costs, and weak terminal demand—show no significant improvement. SMM expects the industry operating rate next week to decrease slightly by 0.32 percentage points to 52.27%, with short-term industry operation continuing to be under pressure. (Shanghai Nonferrous Metals Network)
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