[SMM Analysis: Copper Foil Market Shows Stable Supply and Demand, Tariff Impact Not Yet Significantly Transmitted to the Industry] According to SMM, the operating rate of copper foil enterprises was 71.51% in April 2025, up 0.31 percentage point MoM and 0.60 percentage point YoY...

[SMM Analysis: April's Operating Rate of Copper Plate/Sheet and Strip Enterprises Falls Short of Expectations, Operating Rate to Pull Back in May] According to SMM, the operating rate of SMM copper plate/sheet and strip enterprises in April 2025 was 73.81%, up 4.67 percentage points MoM and 3.3 percentage points YoY, which was 0.66 percentage points lower than the expected operating rate. Among them, the operating rate of large enterprises was 74.8%, that of medium-sized enterprises was 75.52%, and that of small enterprises was 66.52%...

[SMM Analysis] According to SMM data, the estimated operating rate of copper pipe & tube producers in May 2025 was 80.07%, down 3.65 percentage points WoW and 3.25 percentage points YoY. According to SMM data, the operating rate of copper pipe & tube producers in March was 85.23%, up 14.95 percentage points WoW and down 0.74 percentage points YoY.

[SMM Analysis: Copper Prices Rebound, Supplier's Sentiment on Selling Marginally Improves] After the holiday, copper prices oscillated within the range of 77,800-78,700 yuan/mt after a slight rebound, with a weekly increase of 500 yuan/mt. During the same period, the price of bare bright copper in Guangdong rose slightly to 72,200-72,400 yuan/mt, with an increase of 400 yuan/mt. ......

[SMM Analysis: Production Enthusiasm of Secondary Copper Rod Enterprises Greatly Diminished Amid Widening Sales Losses] According to SMM's data survey, the operating rate of secondary copper rod was 21.74% this week, up 3.45 percentage points WoW, but down 4.62 percentage points YoY. Meanwhile, the average price difference between copper cathode rod and secondary copper rod was 1,268 yuan/mt this week, up 303 yuan/mt WoW. In addition, the price of secondary copper rod in Jiangxi was discounted by 504 yuan/mt against the average futures price, with the discount widening by 279 yuan/mt WoW. ......