[SMM Analysis: Some Enterprises Gradually Begin Holidays, Secondary Copper Rod Operating Rate Slightly Declines]
According to SMM survey data, the operating rate of secondary copper rod reached 22.53% this week, down 2.39 percentage points WoW and 22.06 percentage points YoY. The average price spread of refined and secondary copper rods this week was 1,599 yuan/mt, an increase of 561 yuan/mt compared to last week's 1,038 yuan/mt. Meanwhile, the average discount of secondary copper rod in Jiangxi was 970 yuan/mt, up 440 yuan/mt WoW...
![Copper prices consolidate under pressure as supply marginally loosens and demand stays weak [SMM Copper Morning Meeting Minutes]](https://imgqn.smm.cn/usercenter/HhNHP20251217171708.jpg)
![중동 정세 반복적인 줄다리기; LME 및 SHFE 구리 야간장 소폭 상승 [SMM 구리 모닝 코멘트]](https://imgqn.smm.cn/usercenter/BdFZr20251217171712.jpg)

