SMM Analysis: "Reverse Invoicing" Becomes a Hot Topic Again, Secondary Copper Rod Enterprises Respond Differently
According to SMM survey data, the operating rate of secondary copper rod enterprises reached 31.95% this week (18 surveyed enterprises, total capacity of 1.94 million mt/year), up 0.4 percentage points WoW but down 7.25 percentage points YoY. The average price spread of refined and secondary copper rods this week was 692 yuan/mt, a decrease of 327 yuan/mt compared to last week's 1,019 yuan/mt. Meanwhile, the average discount of secondary copper rod prices in Jiangxi was 64 yuan/mt, up 376 yuan/mt WoW...
