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Impact from high copper prices and secondary copper slowed recovery in copper rods produced with copper cathode
Mar 23,2021 10:27CST
SMM Insight
Source:SMM
Downstream cable companies have placed orders moderately amid price volatility previously. Weak copper demand resulted in slow delivery-taking, accumulating inventory of raw material or finished products at producers. That increased cash pressure at copper rod plants using secondary copper as feedstock, affecting secondary copper suppliers. Secondary copper suppliers have sold aggressively and collected payments to ease cash flow issues.
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