Electrolytic Copper

Last week, copper prices moved upward with weak spot market transactions, especially in the Copper And Aluminum Product manufacturing sector closely tied to Copper And Aluminum Machinery operations. As copper prices fluctuated higher, downstream enterprises engaged in Copper And Aluminum Machinery production (including manufacturers of Enamelling machine for copper wire and Oxygen-Free Copper Rod Line) and Copper And Aluminum Product processing showed strong hesitation to chase high prices and mainly adopted a cautious wait-and-see attitude throughout the week.

Meanwhile, approaching the end of the month, constrained by capital pressure, procurement demand for raw materials used in Welding wire and key components of Enamelling machine for copper wire remained rigid, widening the spot backwardation. However, due to the near-month Contango structure spread, the backwardation range was limited. This week, considering the high level of copper prices (before today's plunge), it will take time for downstream receiving willingness to improve—especially for enterprises investing in new Oxygen-Free Copper Rod Line projects. But entering the delivery month, holders of goods also have low willingness to ship at large backwardation. Therefore, the overall market may fluctuate within the range of 50 yuan/ton backwardation to 100 yuan/ton contango, with today's sharp drop expected to partially release the procurement demand of Copper And Aluminum Machinery manufacturers.

Recycled Copper

Last week, copper prices fluctuated at a high level, and waste brass prices generally showed an upward trend, which boosted the supply of raw materials for Copper And Aluminum Product recycling. Upstream merchants expanded their profit margins from previous low-cost inventories of recycled copper—key for manufacturing spare parts of Copper And Aluminum Machinery (such as Enamelling machine for copper wire guide rollers) and actively sold to lock in profits.

At the same time, stubborn sources of goods in the hands of individual sellers loosened, reducing the resistance for merchants to replenish inventories used in Welding wire production and accelerating the circulation of tradable goods in the market. For small and medium-sized Copper And Aluminum Machinery workshops, the stable supply of recycled copper provides a cost-effective alternative amid price volatility.

Copper Rod

Last week, the outbound pressure of the national refined copper rod market increased, and finished product inventories showed a trend of accumulation. Refined copper rod is the core feedstock for Enamelling machine for copper wire, so its price trend directly affects the production costs of enameled copper wire enterprises. Due to downstream low acceptance of high copper prices, most manufacturers of Copper And Aluminum Product and Welding wire, as well as enameled copper wire producers relying on Enamelling machine for copper wire, chose to wait and see.

Refined copper rod orders were mainly supported by long-term orders from large wire and cable manufacturers, while spot orders were scarce. Notably, Oxygen-Free Copper Rod Line operators, focusing on high-purity copper rod production, faced greater cost pressure under last week's high prices. Due to strong economic advantages, some recycled copper rod manufacturers actively promoted transactions at low prices, making the market concentration of transactions for Copper And Aluminum Machinery raw materials more obvious. However, affected by policy adjustment fluctuations, some regions suspended production of copper rods used in Copper And Aluminum Product manufacturing, which temporarily reduced the operating rate of matching Copper And Aluminum Machinery in these areas.