For the Quarter Ending June 2026
Copper Rod Prices in North America
- In USA, the Copper Rod Price Index rose by 7.1% quarter-over-quarter, reflecting stronger downstream demand.
- The average Copper Rod price for the quarter was approximately USD 19481/MT, supporting producer margins.
- Copper Rod Spot Price firmed while Price Index signalled tighter availability due to reduced imports.
- Copper Rod Price Forecast indicates gains as Price Index benefits from sustained infrastructure project procurement.
- Copper Rod Production Cost Trend rose from higher scrap and freight, compressing mill processing margins.
- Copper Rod Demand Outlook remains constructive; utility grid modernisation and data centre expansions sustain offtake.
- Copper Rod Price Index volatility moderated as balanced domestic supply offset intermittent import delays recently.
- Copper Rod Spot Price reacted to inventory draws and heightened export interest, tightening market availability.
Why did the price of Copper Rod change in June 2026 in North America?
- Resilient utility and data centre demand tightened availability, supporting June Copper Rod Price Index strength.
- Higher scrap and freight costs raised production costs, pressuring mill margins and elevating rod offers.
- Import timing delays and tariff uncertainty tightened prompt supply, driving distributor pre-stocking activity in June.
Copper Rod Prices in APAC
- In Indonesia, the Copper Rod Price Index rose by 6.20% quarter-over-quarter, driven by stronger import parity and upstream tightness.
- The average Copper Rod price for the quarter was approximately USD 13959.67/MT, reflecting freight increases and weaker rupiah.
- Copper Rod Spot Price firmed amid tightened upstream concentrate flows and elevated freight on Shanghai-Jakarta routes.
- Copper Rod Price Forecast indicates modest near-term gains supported by import cost inflation and restrained export offers.
- Copper Rod Production Cost Trend shows upward pressure from higher freight and occasional cathode premiums, squeezing margins.
- Copper Rod Demand Outlook remains constructive due to PLN grid projects, data center builds and growing EV wiring needs.
- Copper Rod Price Index showed week-to-week volatility but maintained a bullish 12-week moving average trend overall.
- Domestic mill operations and import allocations constrained exporters, keeping inventories low and sustaining prompt market tightness.
Why did the price of Copper Rod change in June 2026 in APAC?
- Higher Shanghai-Jakarta freight and weaker rupiah raised landed import costs, tightening domestic margins in June.
- Upstream concentrate tightness and Grasberg production fluctuations reduced available cathode, supporting higher spot offers locally.
- Steady demand from transmission projects and data centers kept offtake strong, preventing price retracement regionally.
South Korea
- In South Korea, the Copper Rod Price Index rose by 11.12% quarter-over-quarter, driven by export demand.
- Copper Rod Spot Price eased in June as domestic output balanced softer cable enquiries.
Taiwan
- In Taiwan, the Copper Rod Price Index rose by 6.04% quarter-over-quarter, driven by export demand.
- Copper Rod Spot Price remained range-bound supported by steady cathode inflows, mill throughput, port inventories.
Copper Rod Prices in Europe
- In Germany, the Copper Rod Price Index rose by 9.97% quarter-over-quarter, driven by tighter imports.
- The average Copper Rod price for the quarter was approximately USD 16158.00/MT, reflecting merchant inventories.
- Copper Rod Spot Price firmed as lower LME stocks and conductor demand tightened transactional liquidity.
- Copper Rod Price Forecast indicates upside as Price Index remains supported by constrained merchant availability.
- Copper Rod Production Cost Trend shows higher energy tariffs and cathode costs pressuring conversion margins.
- Copper Rod Demand Outlook stays supportive from renewables and EV wiring, keeping Price Index firm.
- Copper Rod Price Index volatility reflected Aurubis operational adjustments and persistent strategic restocking among fabricators.
- Domestic inventory draws and extended export shipments narrowed available offers, supporting firmer prices across Germany.
Why did the price of Copper Rod change in June 2026 in Europe?
- Easing geopolitical tensions reduced war premium, lowering speculative premiums and softening immediate physical delivery urgency.
- Domestic mills increased handling capacity and operations expanded availability, alleviating raw material bottlenecks and pressure.
- Demand stayed cautiously steady from renewables and EV sectors, while automotive weakness constrained further upside.
For the Quarter Ending March 2026
Copper Rod Price in North America
- In the USA, the Copper Rod Price Index rose by 7.61% quarter-over-quarter, driven by infrastructure demand.
- The average Copper Rod price for the quarter was approximately USD 18359.00/MT, based on delivered Alabama transactions.
- Copper Rod Spot Price tightened, cathode arrivals and energy costs influenced Copper Rod Production Cost Trend.
- Copper Rod Price Forecast indicates modest near-term gains from tariffs, infrastructure projects and sustained mill orderbooks.
- Copper Rod Demand Outlook is constructive as grid upgrades, EV charging and data-centre builds sustain offtake.
- Copper Rod Price Index reflected inventory swings as imports, tariffs and COMEX balances alternately tightened supply.
- Domestic mill run-rates stayed high while narrower scrap spreads limited relief to the Production Cost Trend.
- Export demand, speculative flows supported Price Index momentum despite seasonal construction pauses and ample warehouse stocks.
Why did the price of Copper Rod change in March 2026 in North America?
- Improved Grade-A cathode arrivals eased feedstock tightness, increasing available spot supplies and capping price upside.
- Weaker producer equities and softer LME futures reduced speculative interest, weighing on near-term physical demand sentiment.
- Section 232 duty, seasonal construction pauses and ample domestic inventories combined to produce mixed directional pressure.
Copper Rod Price in APAC
- In Indonesia, the Copper Rod Price Index rose by 10.88% quarter-over-quarter, reflecting feedstock curtailments, import tightness.
- The average Copper Rod price for the quarter was approximately USD 13144.67/MT based on trades.
- Copper Rod Spot Price firmed on constrained seaborne cargoes and cable-maker procurement amid tight inventories.
- Copper Rod Price Forecast shows upside as infrastructure orders and import premiums sustain upward pressure.
- Copper Rod Production Cost Trend eased as freight declines and concentrate benchmarks lowered landed costs.
- Copper Rod Demand Outlook constructive driven by PLN transmission projects, EV deployment and construction activity.
- Copper Rod Price Index volatility rose as new domestic smelters ramped and substitution pressured premiums.
- Export demand and inventory shifts, alongside plant outages, influenced offers during the quarter's trading windows.
Why did the price of Copper Rod change in March 2026 in APAC?
- Reduced freight costs and softer LME improved import availability, lowering costs, prompting sellers trim offers.
- New smelter output increased supply; Trade Ministry's concentrate benchmark eased upstream costs, pressuring rod prices.
- Ramadan construction lull and aluminium substitution reduced cable orders, amplifying destocking and weakening spot demand.
Copper Rod Price in Europe
- In Germany, the Copper Rod Price Index rose by 9.52% quarter-over-quarter driven by EV demand.
- The average Copper Rod price for the quarter was approximately USD 14692.67/MT, covering FOB assessments.
- Persistent port congestion tightened supply, boosting Copper Rod Spot Price strength and depleting merchant inventories.
- Rising electricity and carbon surcharges elevated conversion costs; Copper Rod Production Cost Trend pressured margins.
- Robust automotive harness demand and grid investments supported orders; Copper Rod Demand Outlook remains constructive.
- LME volatility and logistics risk inform Copper Rod Price Forecast, implying tightening with limited upside.
- Improved Rhine flows reduced inland freight surcharges, helping the Copper Rod Price Index to ease slightly.
- Steady mill run-rates and export bookings kept Copper Rod Spot Price volatility contained within bounds.
Why did the price of Copper Rod change in March 2026 in Europe?
- Cathode and scrap inflows eased shortages, reducing premia and mildly pressuring offers across March regionally.
- Lower day-ahead power and steady carbon pricing contained conversion costs, limiting pressure on rod offers.
- Downstream buyers deferred purchases after February restocking, moderating spot demand despite EV and infrastructure needs.
For the Quarter Ending December 2025
Copper Rod Price in North America
- In the USA, the Copper Rod Price Index rose by 2.75% quarter-over-quarter, reflecting constrained import supply.
- The average Copper Rod price for the quarter was approximately USD 17061.33/MT, based on reported trade and inventory reconciliations.
- Elevated inventories temporarily softened the Copper Rod Spot Price despite persistent upstream concentrate shortages affecting mill feedstock availability.
- Analysts' Copper Rod Price Forecast shows modest upside supported by infrastructure orders and limited cathode availability this quarter.
- Rising freight and elevated cathode premiums lifted the Copper Rod Production Cost Trend, pressuring mill margins modestly.
- Strong utility and data-center projects underpin the Copper Rod Demand Outlook, sustaining consumption amid seasonal variability.
- Export demand and distributor restocking supported the Copper Rod Price Index, offsetting short-term substitution risks from aluminum.
- Major rod mills ran near capacity with deferred maintenance, maintaining tight market conditions and validating Copper Rod Spot Price.
Why did the price of Copper Rod change in December 2025 in North America?
- Import restrictions and mine disruptions tightened cathode supply, cutting feedstock availability and supporting rod offers.
- Higher freight and cathode premiums increased production costs, pressuring mill margins and raising domestic offers.
- Robust utility and data-center procurement sustained demand, while inventory rebuilding moderately tempered further price declines.
Copper Rod Price in APAC
- In Indonesia, the Copper Rod Price Index rose by 6.52% quarter-over-quarter, due to supply disruptions.
- The average Copper Rod price for the quarter was approximately USD 11854.33/MT, reflecting landed costs.
- Copper Rod Spot Price firmed as mine outages and export diversions tightened available cathode supply.
- Copper Rod Price Forecast points to modest upside near-term supported by infrastructure procurement and stockbuilding.
- Copper Rod Production Cost Trend rose owing to elevated freight charges and cathode feed costs.
- Copper Rod Demand Outlook remains positive as PLN projects and data centres sustain wire demand.
- Copper Rod Price Index showed volatility as domestic inventories tightened and aluminum substitution reduced offtake.
- Operating outages at Manyar and Grasberg amplified import dependence, keeping spot premiums elevated all quarter.
Why did the price of Copper Rod change in December 2025 in APAC?
- Global mine outages and export diversion reduced cathode supply, constraining imports and lifting landed costs.
- PLN transmission and data centre procurement increased demand, significantly supporting domestic offtake by cable makers.
- Rising freight, currency pressure and inventory digestion by producers moderated upside despite tight physical availability.
Copper Rod Price in Europe
- In Germany, the Copper Rod Price Index rose by 5.36% quarter-over-quarter, reflecting stronger EV demand.
- The average Copper Rod price for the quarter was approximately USD 13416.00/MT based on reported deliveries.
- Copper Rod Spot Price firmed December as port congestion and yard utilisation tightened availability.
- Copper Rod Price Index retained bullish bias amid restocking and shrinking exchange inventories in December.
- Copper Rod Production Cost Trend rose as cathode premia firmed while energy costs remained stable.
- Copper Rod Demand Outlook remains supported by EV wiring, grid projects despite softer construction activity.
- Copper Rod Price Forecast expects modest further gains as restocking outweighs ample domestic mill outputs.
- Copper Rod Price Index dynamics balanced by steady mill runs, scrap flows, and year-end restocking.
Why did the price of Copper Rod change in December 2025 in Europe?
- Port congestion and yard utilisation slowed cathode discharge, tightening availability, supporting Copper Rod Price Index.
- Elevated scrap quotations pushed premiums higher, increasing mill feedstock costs despite continued domestic cathode inflows.
- Accelerated EV assembly and grid projects prompted restocking, outweighing softer construction demand and tightening spot.
For the Quarter Ending September 2025
Copper Rod Price in North America
- In the USA, the Copper Rod Price Index rose by 10.57% quarter-over-quarter from tariff-driven pre-buying.
- The average Copper Rod price for the quarter was approximately USD 16605.00/MT per DEL Alabama.
- Copper Rod Spot Price spikes reflected tight domestic availability and Gulf premiums amid delivery delays.
- Copper Rod Price Forecast remains upward near-term as pre-tariff restocking now offsets intermittent cathode arrivals.
- Copper Rod Production Cost Trend climbed as margins widened and import duties raised input costs.
- Copper Rod Demand Outlook stays firm given construction, data centers, and EV wiring sustaining consumption.
- Copper Rod Price Index exhibited volatility as COMEX arbitrage and physical draws created backwardation premiums.
- Off-exchange inventory volumes remained large but unevenly distributed, providing limited immediate relief to regional mills.
Why did the price of Copper Rod change in September 2025 in North America?
- Tariff uncertainty triggered front-loading purchases in August, elevating domestic premiums and compressing mill working inventories.
- September mine disruptions reduced cathode shipments, tightening feedstock supply and straining U.S. rod production schedules.
- Port congestion and railcar shortages delayed imports, raising regional delivery risk, sustaining temporary price support.
Copper Rod Price in APAC
- In Indonesia, the Copper Rod Price Index fell by 0.94% quarter-over-quarter, reflecting tighter imports and muted demand.
- The average Copper Rod price for the quarter was approximately USD 11128.67/MT, supporting market reference levels.
- Copper Rod Spot Price tightened as LME and SHFE inventories fell, elevating short-term premiums across regional ports.
- Copper Rod Price Forecast indicates range-bound upside risks given persistent cathode shortages and intermittent producer outages.
- Copper Rod Production Cost Trend rose due to higher freight, import parity pressures, and sporadic inland logistics constraints.
- Copper Rod Demand Outlook remained steady from construction and automotive segments, providing consistent baseline consumption support.
- Copper Rod Price Index showed choppy weekly dynamics with alternating twelve-week bearish and recent bullish squeezes.
Why did the price of Copper Rod change in September 2025 in APAC?
- LME and SHFE stock declines reduced available feedstock, squeezing secondary producers and raising spot market premiums.
- Freight cost increases and rerouted cargoes elevated landed import parity, pressuring domestic purchase volumes and margins.
- Steady construction and cable sector demand absorbed limited supply, preventing sharper price declines despite softened buyer appetite.
Copper Rod Price in Europe
- In Germany, the Copper Rod Price Index rose by 4.02% quarter-over-quarter, driven by tightening supply.
- The average Copper Rod price for the quarter was approximately USD 12621.67/MT, per weekly surveys.
- Copper Rod Spot Price strengthened on LME draws and tight physical availability, lifting delivery premiums.
- Copper Rod Price Forecast signals modest upside as export demand and seasonal restocking support orders.
- Copper Rod Production Cost Trend remains stable with balanced energy and feedstock costs tempering pressure.
- Copper Rod Demand Outlook is supported by EV wiring and infrastructure projects, underpinning steady offtake.
- Copper Rod Price Index movements tracked inventory draws and shipments, moderating volatility across German distributors.
- High producer utilisation and added recycling capacity at Aurubis eased procurement pressure and export-driven tightness.
Why did the price of Copper Rod change in September 2025 in Europe?
- Supply improved from domestic smelter uptime and incoming concentrates, temporarily alleviating tightness in early September.
- Export diversions and U.S. tariff dynamics redirected flows, tightening regional availability and boosting domestic premiums.
- Stable energy and feedstock costs limited cost-push inflation while steady industrial demand supported offtake levels.
