The futures closing price at 11:30 today was 81,510 yuan/mt, up 870 yuan/mt from the previous trading day. In Hubei, the discount of secondary copper rod against the front-month contract ranged from minus 1,410 yuan/mt to minus 1,310 yuan/mt, with an average discount of 1,360 yuan/mt. The quotation range for secondary copper rod was 80,100 yuan/mt to 80,200 yuan/mt. The discount of secondary copper rod against futures continued to widen, and secondary copper rod enterprises reported that despite price adjustments, market demand remained weak. Downstream enterprises showed low purchase willingness, and the overall trading atmosphere was cold. Enterprises also pointed out that raw material supply was tight, and under high copper prices, they could only maintain restocking for essential needs, further constraining production.