According to SMM, due to the operating rate not recovering as expected, the raw material inventories of copper cathode rod enterprises decreased by 4.63% WoW this week, reaching 37,050 mt. Most copper cathode rod enterprises reported a certain decline in new orders and shipment efficiency this week. The finished product inventories of copper cathode rod enterprises increased by 3.03% WoW this week, reaching 59,450 mt. Looking ahead, with the resumption of production at some large enterprises, the operating rate of copper cathode rod enterprises is expected to rise slightly to 77.53% next week (6.6-6.12), up 2.66 percentage points MoM and 12.79 percentage points YoY.