Copper Cathode Rod Producers See Slight Recovery Amid Weak Demand

Copper cathode rod producers saw their operating rates increase by 1 percentage point this week. This slight recovery is attributed to post-maintenance production resumptions, but overall demand remains weak due to the off-season for consumption.

The copper market has been consolidating at high prices, which has suppressed purchase willingness among buyers. Downstream companies are exhibiting a wait-and-see approach, and end-user demand for wire and cable, as well as enamelled wire, is insufficient.