Copper Cathode Rod Companies Scheduled Production Normally

Published: May 30, 2023 11:52

Source: SMM

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The average operating rate of key copper rod producers using copper cathode was around 80.33% last week, a rise of 0.34 percentage point from the previous week. Copper rod companies had sufficient orders in hand last week, and the production schedule was normal.

The new orders have not changed much compared with the previous week. The order increase was obvious after the copper price fell at the beginning of the week, but the orders dropped significantly after the copper price rebounded at the end of the week.

On the whole, in May, the order performance was better than expected, and the operating rate continued to be at a high level. However, some copper rod companies reported that new orders continued to decline during the week, and copper rod companies were still worried about subsequent consumption.

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