SMM

Operating Rates of Copper Cathode Rods Rebounded as Expected, Weak Recovery Under the Constraint of Copper Prices [SMM Analysis]: This week, the SMM survey covered the production and sales performance of major medium- and large-sized copper rod enterprises in China. Overall, the operating rate stood at 62.10%, up 44.36 percentage points MoM, but 0.53 percentage points lower than the expected value. Based on the lunar calendar, the operating rate still declined by 4.1 percentage points YoY. The details are as follows...