[SMM data] the price difference between the fine waste price of bright copper wire on July 20, 2020

[SMM Analysis: Price Difference Between Copper Cathode Rod and Secondary Copper Rod Widens to 2,200 yuan/mt; Strong Orders Meet Losses as Rod Producers Turn Cautious] According to SMM data, the operating rate of secondary copper rod producers stood at 8.74% this week, down 5.29 percentage points WoW and down 13.93 percentage points YoY. Meanwhile, the average price difference between copper cathode rod and secondary copper rod was 1,948 yuan/mt, up 164 yuan/mt MoM. In addition, the average discount of secondary copper rod in Jiangxi against copper futures was 1,376 yuan/mt, widening by 478 yuan/mt MoM. Based on SMM's secondary copper rod sales gross profit model, the average weekly gross profit was 1,020 yuan/mt, down 93 yuan/mt MoM......

[SMM Analysis: Copper Prices Repeatedly Hit New Highs, Copper Scrap Traders Kept Selling] Copper prices started the week at 109,630 yuan/mt. On September 8, driven by short squeezes outside China, prices quickly broke through 110,000 yuan/mt, reaching a high of 111,340 yuan/mt, and then continued to climb. By the close on September 10, prices reached 112,290 yuan/mt, approaching the 113,000 yuan/mt mark, with a weekly gain of more than 2,600 yuan/mt...