The futures closed at 77,950 yuan/mt in the afternoon session today, up 200 yuan/mt from yesterday. Secondary copper rod in Hubei was quoted at 77,900-78,000 yuan/mt, with a discount of 30-130 yuan/mt (average discount of 80 yuan/mt) against the front-month contract. According to feedback from secondary copper rod plants, the current prices are almost at a premium, which completely erodes the price advantage of secondary copper rod in the market, resulting in extremely sluggish transactions.