Entering the Restocking Cycle of End-User Wire and Cable Enterprises, Secondary Copper Rod Suppliers Stand Firm on Quotes for Sales [SMM Secondary Copper Rod Weekly Review]
- feb 21, 2025, at 3:01 pm
[SMM Analysis: Terminal Wire and Cable Enterprises Enter Restocking Cycle, Secondary Copper Rod Suppliers Stand Firm on Quotes] According to SMM survey data, the operating rate of secondary copper rods this week was 30.75%, up 11.79 percentage points WoW and up 22.5 percentage points YoY. Meanwhile, the average price spread of refined and secondary copper rods this week was 921 yuan/mt, down 232 yuan/mt WoW. Additionally, the average discount of secondary copper rods in Jiangxi against copper futures was 580 yuan/mt, narrowing by 198 yuan/mt WoW...
