Under high operating capacity, the inventory clearance of refined copper rods has slowed down; further adjustments may follow.

In terms of inventory, strong operating rates drove a slight increase in raw material stocking. Downstream sentiment remained cautious, with slower pickup pace, and finished goods inventory liquidation slowed. It is expected that next week, copper rod companies will still maintain high operating rates to ensure shipments; if new orders remain consistently weak, once finished goods inventory rebounds, production pace will slow down. (Shanghai Metals Market)

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