Secondary Copper Rod Operating Rate Rises in August 2026, High Prices and Tax Costs Squeeze Profits
The operating rate of secondary copper rod was 11.83% in August 2026, higher than the expected 10.26%, up 1.57 percentage points MoM but down 16.5 percentage points YoY. In August 2026, the average price difference between copper cathode rod and secondary copper rod stayed high at 1,450-1,874 yuan/mt throughout the month. The average discount of secondary copper rod in Jiangxi against copper futures fluctuated between 722 yuan/mt and 1,418 yuan/mt,...