As of last Friday, the average price of copper rod using copper scraps in Jiangxi Province was 68,100 yuan/mt, with a discount of 470 yuan/mt against the SHFE front-month copper contract.
At the same time, east China's electricity-grade rods had a premium of 615 yuan/mt, and the price difference between copper cathode rods and scrap rods was 1,085 yuan/mt.
Copper rod using copper scraps still had substitution effects, but it is worth noting that due to the tightening supply of copper scraps, the discount for copper rod using copper scraps is gradually narrowing. Therefore, the economic efficiency of copper rod using copper scrap may gradually decrease in the future.
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