[SMM Analysis: Enterprises Halt Production to Observe Policy Impact, Secondary Copper Rod Operating Rate Declines]
According to SMM survey data, the operating rate of secondary copper rod reached 21.74% this week (18 surveyed enterprises, total capacity of 1.94 million mt/year), down 6.49 percentage points WoW and 16.15 percentage points YoY. The average price spread of refined and secondary copper rods this week was 729 yuan/mt, down 29 yuan/mt from last week's 758 yuan/mt...
