[SMM Analysis: Secondary Copper Rod Plants in Jiangxi and Hunan Resumed Production in October, Operating Rate Slightly Rebounded]
According to the SMM survey, the operating rate of secondary copper rod enterprises in October was 29.07%, up 0.19 percentage points MoM, down 12.63 percentage points YoY. Among them, the operating rate of large enterprises was 13.72%, medium-sized enterprises 37.05%, and small enterprises 47%. (Surveyed enterprises: 49, capacity: 5.32 million mt/year)
