The Chinese copper rod market is showing signs of both pressure and potential. While limited supply and cautious downstream demand are keeping things tight in the short term, stronger domestic demand, especially from the air conditioner sector and supportive policies could help prices stabilize in the coming weeks.
Key Takeaways:
Copper rod prices rebounded in mid-May after absorbing the China-US tariff impact
Despite an expected increase in global copper mine supply, LME inventories dropped x.xxx in May, and domestic spot premiums remained high, reflecting tight supply in the spot market.
While larger exporters in air conditioner and copper pipe & tube industries reported stable demand with minimal tariff effects, the anticipated seasonal demand boost in copper rod industry was underwhelming
Following the gradual market absorption of China-US tariff impacts, copper rod...
