SHFE copper futures edged higher in midday trade while spot premiums for Guangdong #1 copper cathode remained unchanged from the prior session. Average spot prices for copper cathode in Guangdong rose from the previous trading day, supported by steady end-user purchasing despite slight inventory accumulation in the region. The firm spot market tone reflects ongoing supply-demand balance supportive of copper cathode prices.
National social copper cathode inventories fell significantly week-on-week to mid-September levels, down sharply from the same period last year. Pre-holiday stockpiling ahead of the Mid-Autumn Festival and National Day is supporting a marginal demand recovery, with copper cathode rod producer operating rates expected to rise further this week. Tightening inventory and recovering end-user purchasing point to continued destocking and upward price pressure.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Copper Rod | China | FOB | USD 65.34/MT | July 2026 |
| Copper Rod | India | CIF | USD 172.15/MT | July 2026 |
| Copper Rod | USA | CIF | USD 252.83/MT | July 2026 |
| Copper Rod | Germany | CIF | USD 198.97/MT | July 2026 |
| Copper Rod | Australia | CIF | USD 163.80/MT | July 2026 |
| Copper Rod | China | FOB | USD 65.93/MT | June 2026 |
| Copper Rod | India | CIF | USD 153.93/MT | June 2026 |
| Copper Rod | USA | CIF | USD 220.93/MT | June 2026 |
| Copper Rod | Germany | CIF | USD 186.93/MT | June 2026 |
| Copper Rod | Australia | CIF | USD 131.93/MT | June 2026 |
Stay updated with the latest Copper Rod prices, historical data, and tailored regional analysis
Asia
China recorded an average Copper Rod price of ~USD 65/MT (FOB) in June, while India posted an average price of ~USD 153/MT (CIF) for Copper Rod in June. Copper Rod markets across Asia remained supported during Q2’26 as tight concentrate availability kept pressure on smelter economics. In China, power-grid investment, EV-related consumption, stronger refined copper intake, and declining exchange inventories supported physical demand. Concentrate supply remained constrained following weaker mine output in Chile, Indonesia, and the DRC, while improved refined availability and softer annual trade flows limited further market tightening. India broadly followed the firm global environment, with elevated international benchmarks and tight concentrate availability increasing replacement costs for downstream buyers.
Europe
June average prices for Copper Rod in Germany came to ~USD 186/MT (CIF). European markets were supported by constrained upstream availability and firm replacement costs, while downstream buying remained selective. Tight concentrate conditions kept pressure on treatment economics and limited flexibility among refiners. Demand from electrical infrastructure, renewable-energy projects, and automotive applications provided support, although elevated metal costs encouraged some industrial consumers to manage inventories cautiously. The broader European market also remained exposed to global trade uncertainty and shifting supply flows, keeping procurement decisions closely linked to import availability and international benchmark movements.
North America
The average price of Copper Rod in the USA was recorded at ~USD 221/MT in June (CIF). In the United States, buyers and traders repositioned inventories ahead of potential policy changes, while stronger physical premiums reflected tighter availability within the domestic market. The White House’s June 2026 proclamation maintained duties on certain metal and derivative products, while refined copper tariffs remained under review, encouraging stock relocation and altering normal trade flows. Stronger physical demand provided additional support, particularly from infrastructure and electrical applications. However, higher costs continued to limit routine industrial procurement. The combination of trade-policy uncertainty, inventory movements, and constrained upstream supply kept the regional market firm despite improving refined availability.
Analyst Insight
According to Procurement Resource, Copper Rod markets are expected to remain sensitive to concentrate availability, US trade policy, inventory movements, and infrastructure-led demand. Supply constraints should continue influencing procurement costs.
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Asia
During Q1’26, copper rod prices in Asia followed a mixed trend, influenced by copper feedstock movement and uneven downstream demand. In China, copper prices rose slightly, supported by tight concentrate availability, which sustained production costs. However, rising inventories and reduced activity during the Lunar New Year lowered demand from key downstream sectors such as wire and cable manufacturing, power transmission equipment, and household appliances. Demand improved slightly toward March with recovery in construction-linked electrical installations and renewable energy projects, but cautious buying limited stronger price movement. In India, weaker feedstock and subdued demand from infrastructure wiring and electrical equipment sectors pressured prices, while stable demand from power distribution applications provided limited support.
Europe
During Q1’26, copper rod prices in Europe followed a weak-to-stable trend, supported by steady feedstock costs and moderate downstream demand. Consumption from wire and cable production, automotive wiring systems, and industrial electrical components remained restrained due to slow industrial activity. However, ongoing investments in renewable energy grids and electrification projects supported baseline demand for copper rods used in power transmission and distribution, preventing sharper declines.
North America
During Q1’26, copper rod prices in North America remained stable, influenced by balanced supply-demand conditions and steady feedstock support. Demand from construction wiring, grid modernization, electric vehicle infrastructure, and data center power systems supported consumption. However, elevated inventories and slower manufacturing activity limited upward momentum, keeping prices within a narrow range.
When molten copper metal is drawn into solid cylindrical pipes, then it forms copper rods. These rods have outstanding thermal and electrical conductivities. These rods come in various diameters and lengths and are utilized across industries for their versatile applications. From serving as electrical conductors and components in power transmission, electronics, and manufacturing machinery to being integral components in heat exchangers, plumbing systems, and artistic creations, copper rods play a pivotal role due to their conductivity, malleability, and resistance to corrosion.
Electrical conductors, Renewable energy, Aerospace applications, Electronics, Telecommunications, Automotive radiators, Heat exchangers
Bajoria Group, SUMITOMO ELECTRIC, AURUBIS, Liljedahl Group, TDT Copper, Kobay Metal, Mitsubishi Materials
CurrencyUS$ (Data can also be provided in local currency)
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Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The cautious melting of copper in a cathode shaft furnace and then subsequent transfer of the molten materials through channels into casting machine. In this procedure, the copper in molten state is casted into rods of required thickness.
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