SMM

The operating rates of copper rod plants using copper scrap were 40.71% between August 11 and August 17, a drop of 3.73 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). On the supply side, some copper rod plants using copper scrap as raw materials curtailed production last week due to tight supply of raw materials. Some plants turned to purchase copper cathode with poor quality instead to secure the delivery of orders.