Copper Cathode Rod Market Sees Slight Growth Amid Weak New Orders

The copper cathode rod market has seen a decline in new order continuity, which is expected to lead to a slight increase in operating rates next week. According to SMM, the operating rate of copper cathode rod enterprises may rise by 0.95 percentage points WoW.

However, recent market developments have given reason to believe that this trend could be reversed. Lower prices on Thursday night's session led to an increase in downstream pricing activity, which might cause next week's operating rates to rebound beyond expectations.