Average Operating Rate of Key Copper Rod Producers Using Copper Cathode Rose Last Week

Published: Aug 7, 2023 16:33

Source: SMM

Save

The average operating rate of key copper rod producers using copper cathode was around 64.92% last week (July 29-August 3), a rise of 5.19 percentage points from the previous week.

Last week, copper rod plants using copper cathode resumed normal production after output cuts. High copper prices significantly inhibited downstream consumption.

On the whole, orders fluctuated with copper prices last week, and the overall demand did not change much.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Copper Price Pullback Still Failed to Boost Consumption, Suppliers Had to Cut Prices for Shipments [SMM South China Spot Copper]

2 hours ago

3 hours ago

6.9-Magnitude Earthquake in Northern Chile Disrupts Global Copper Market [SMM Market Flash]

3 hours ago

Demand Continued to Show Weakness with Low Market Activity [SMM North China Spot Copper]

Today, #1 copper cathode spot prices in North China against the front-month contract were reported at an average discount of 360 yuan/mt to a discount of 280 yuan/mt, unchanged from the previous trading day. The average transaction price was 104,495 yuan/mt, down 735 yuan/mt from the previous trading day.

3 hours ago