Price spread between refined and scrap copper rods narrows, with higher operating rate of refined copper rod producers reported.
According to SMM research, the price spread between refined and scrap copper rods has fallen below 1000 yuan/ton after copper prices dropped this week. Previous reports indicate that recycled copper rod plants are currently facing difficulties in receiving shipments, leading to reduced production or shutdowns. It is expected that orders will shift towards refined copper rod production. This week, the operating rate of refined copper rod producers has risen significantly on the basis of lower copper prices.

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