Copper prices retreat, cable companies' raw material and finished product inventories both decline

The copper price correction has driven companies to replenish their core inventory needs, but companies continue to ramp up production. As a result, the raw material inventory days for major domestic cable companies this week decreased by 0.31 days compared to the previous week; in terms of finished product inventory, the copper price rebound has boosted downstream consumption, but when copper prices are in the high range, it still suppresses terminal procurement willingness. This week, the finished product inventory days for major domestic cable companies decreased by 0.41 days compared to the previous week. (Shanghai Nonferrous Metals Network)