SMM

The operating rates of copper rod plants using copper scrap were 38.43% between October 23 and October 26, a gain of 3.89 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). The weekly average price spread between copper rod produced with copper cathode and with copper scrap stood at 471 yuan/mt, an increase of 269 yuan/mt from a week earlier. This to a certain extent boosted the consumption of copper rod produced with copper scrap. The copper rod plants using copper scrap as raw material in north China resumed normal production.