Operating Rates of Copper Scrap Rod Plants Rebounded Slightly

The operating rates of copper rod plants using copper scrap were 53.11% between May 13 and May 19, a surge of 1.02 percentage points from a week earlier, according to SMM survey of 15 plants with a capacity of 1.48 million mt/year). Copper prices fluctuated at a low level for nearly three weeks.

Due to the need for capital turnover, some suppliers of copper scrap released some copper scrap. Traders of copper scrap sold at high prices as copper prices rose at the end of the week. Therefore, the supply of copper scrap increased last week. According to most copper scrap rod factories, the procurement of raw materials last week was easier than the previous week.

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