The persistent shortage of raw materials continues to suppress industry production, and secondary copper rod enterprises generally face difficulties in sourcing materials. The price difference between copper cathode rod and secondary copper rod has narrowed to a critical level of 535 yuan/mt. If the copper scrap supply remains tight, the scope of production cuts is expected to further expand. Market transactions have shown a trend of tilting towards copper cathode rods, with some end-users beginning to shift to purchasing copper cathode rods as substitutes.