As of Friday May 19, copper rod produced with copper scrap in Jiangxi was quoted with premiums 230 yuan/mt against SHFE front-month copper contract prices. Electric copper rod in east China was quoted with premiums of 865 yuan/mt over the contract.
The price spread between copper cathode rod and copper rod produced with copper scrap narrowed to 635 yuan/mt. The fading economic advantage dented consumption of copper rod produced with copper scrap.
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