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This week, the operating rate of refined copper rod plants fell by 2.96%, and downstream demand weakened.

2026-07-21 15:01:38

This week, the operating rate of refined copper rod mills fell by 2.96 percentage points month-on-month. With copper prices staying at high levels and the spread between different contract months remaining in a tight range, downstream players have been holding back, leading companies to limit new orders and proactively reduce production load. Cable and enameled wire downstream businesses have entered the traditional off-season, causing seasonal demand to weaken further and dragging operating performance more. (Shanghai Metals Market)

XCU3.29%

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