SMM Analysis: February Lunar New Year Work Resumption Rate Declines as Expected, Limited Post-Holiday Consumption Recovery
According to SMM's research data, the work resumption rate of refined copper rod manufacturers in February was 42.05%, a decrease of 26.61 percentage points compared to the previous month and a 19.18 percentage point decrease compared to February of last year. Compared to January of last year, the work resumption rate increased by 5.66 percentage points. Among them, the work resumption rate of large enterprises was 41.17%, medium-sized enterprises was 31.21%, and small enterprises was 48.30%. (Research enterprises: 52, production capacity: 13.06 million tons)

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