Both Supply And Demand Were Weak In Copper Scrap Rod Market

Telah Terbit: Jun 26, 2023 14:04
According to SMM survey, the operating rates of copper rod makers using copper scrap averaged 44.84% in May, down 8.06 percentage points MoM and 7.56 percentage points YoY. (Notes: SMM surveyed 43 producers with a combined capacity of 3.83 million mt/year.) As copper prices went down at the beginning of May, suppliers of copper scrap were reluctant to sell their cargoes, lowering copper scrap supply rapidly. The price spread between copper cathode and copper scrap thus shrank to a low of 561 yuan/mt. Raw material shortages forced copper rod plants using copper scrap to shut down.

Pernyataan Sumber Data: Kecuali informasi yang tersedia untuk publik, semua data lainnya diproses oleh SMM berdasarkan informasi publik, komunikasi pasar, dan mengandalkan model database internal SMM. Hanya untuk referensi dan tidak menjadi rekomendasi pengambilan keputusan.

Untuk pertanyaan atau informasi lebih lanjut, silakan hubungi: lemonzhao@smm.cn
Untuk informasi lebih lanjut tentang cara mengakses laporan penelitian kami, hubungi:service.en@smm.cn
According to SMM survey, the operating rates of copper rod makers usin - Shanghai Metals Market (SMM)