The Operating Rate of China's Scrap-derived Copper Anode Producers Declined
[SMM Copper Anode market] Due to the narrowing price difference between copper cathode and scrap, the operating rate of China's scrap-derived copper anode producers declined, with production mainly carried out to fulfill long-term contracts. From March 13 to 19, the operating rate of SMM scrap-derived copper anode plate enterprises was 58.31%, down 0.5 percentage points WoW. As copper prices fell sharply, the operating rate is expected to decline to 54.65% next week.