The price difference between copper cathode and copper scrap widens, and secondary copper rod enterprises actively purchase [SMM Daily Review of Secondary Copper]

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SMM June 30

      At 11:30 today, the futures closing price was 80,000 yuan/mt, up by an unspecified amount from the previous trading day. The average spot premiums/discounts were 130 yuan/mt, up by 20 yuan/mt from the previous trading day. Today, the price of secondary copper raw material fell by 100 yuan/mt MoM. The price of bare bright copper in Guangdong was 73,200-73,400 yuan/mt, down by 100 yuan/mt from the previous trading day. The price difference between copper cathode and copper scrap was 2,131 yuan/mt, up by 166 yuan/mt MoM. The price difference between copper cathode rod and secondary copper rod was 1,495 yuan/mt. According to the SMM survey, the price differences between copper cathode and copper scrap, and between copper cathode rod and secondary copper rod, have further widened. However, secondary copper rod enterprises indicated that they took advantage of the suppliers' willingness to sell more secondary copper raw material and purchased more, leading to relatively active transactions of secondary copper raw material during the day.