Apr 12, 2025 23:11

The operating rate of secondary copper rod reached 40.18% in March, exceeding the expected 33.49%, up 13.37% MoM, but down 10.36% YoY. The main reason was the normalization of operating days for secondary copper rod enterprises in March. In addition, the continuous rise in copper prices in early March expanded the price difference between copper cathode rod and secondary copper rod to 2,600 yuan/mt, creating arbitrage opportunities for traders, who actively placed orders. Although end-use consumption orders were weak, the active ordering by traders compensated for this shortfall.