SMM

[SMM Analysis: Restocking Demand from Wire and Cable Enterprises Increases, Secondary Copper Rod Social Inventories Decline] This week, secondary copper rod social inventories in various regions showed varying degrees of decline. According to surveyed secondary copper rod enterprises, before the Chinese New Year, due to the surge in copper prices, traders ordered a large quantity of secondary copper rods for post-holiday delivery. In contrast, the order volume from end-user wire and cable enterprises was relatively small, resulting in traders stockpiling a significant amount of secondary copper rods after the holiday...