[SMM Secondary Copper Rod Market] Today's afternoon futures session closed at 79,110 yuan/mt, down 170 yuan/mt from yesterday. Secondary copper rod in Hubei province was quoted at 79,000-79,100 yuan/mt, with a discount of -110 to -10 yuan/mt against the front-month contract (average discount of 60 yuan/mt). Secondary copper rod plants reported that current spot supply remains tight, and amid policy adjustments, enterprises may face production cuts or shutdowns. The specific situation still requires further observation.