Processing charges for copper rods flat in Nov

[SMM Analysis: High Prices and Invoices Hinder Pre-Holiday Stockpiling] According to SMM data, the operating rate of secondary copper rod producers stood at 11.99% this week, up 1.72 percentage points WoW but down 6.57 percentage points YoY. The average price difference between copper cathode rod and secondary copper rod was yuan 2,114/mt, up yuan 1,348/mt WoW. In addition, the average discount of secondary copper rod in Jiangxi against copper futures was yuan 600/mt, down yuan 753/mt WoW. Copper prices broke above yuan 110,000/mt again, mainly driven by spot shortages and premiums exceeding yuan 1,000/mt, while the discount of secondary copper rod against futures at yuan 400-600/mt was mainly caused by elevated spot premiums. According to SMM's secondary copper rod sales gross profit model, the average weekly gross profit was yuan 911/mt, up yuan 418/mt WoW......

[SMM рынок медных анодов] С 18 по 24 сентября недельная загрузка мощностей предприятий по производству анодных пластин из вторичной меди в Китае, по данным SMM, снизилась на 1,65 процентного пункта по сравнению с предыдущей неделей, до 50,78%. Ожидается, что на следующей неделе она снизится на 1,87 процентного пункта по сравнению с текущей неделей, до 48,91%.