Copper Price Fluctuations & Weak End-User Demand Create Dual Pressure: The Dilemma of "Unsuccessful Destocking" for Copper Cathode Rods Awaits Resolution [SMM Analysis]
- feb 21, 2025, at 11:30 am
Copper Prices Fluctuation and End-User Weakness Pose Dual Pressure, Copper Cathode Rod Faces "Destocking Difficulties" Dilemma [SMM Analysis]: This week, the SMM survey covered the production and sales performance of major domestic medium and large-sized copper rod enterprises. The overall operating rate was 74.25%, up 12.15 percentage points MoM, exceeding the expected value by 1.01 percentage points. Based on the lunar calendar, the operating rate in the third week after the Chinese New Year saw a slight YoY decline of 0.09 percentage points. Details are as follows...
