【Rapid Decline in Market Demand for Copper Rods in May, Expected to Continue Weakening in June】 According to the research data from SMM, the operating rate of copper rod enterprises in May 2024 was 50.56%, and it is expected to be 47.27% in June. Specifically, due to the high raw material prices, the purchase volume of downstream enterprises has decreased significantly in the copper rod market in May, leading to a continuous decline in the operating rate.