SMM Analysis: Terminal Wire & Cable Firms Restart Stockpiling, Secondary Copper Rod Suppliers Maintain Firm Quotes

Published: Feb 21, 2025 15:01
[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...

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[SMM Analysis: Terminal Wire and Cable Enterprises Enter Restocking Cy - Shanghai Metals Market (SMM)