Both Supply And Demand Were Weak In Copper Scrap Rod Market

Jun 26, 2023, at 2:04 pm

According to SMM survey, the operating rates of copper rod makers using copper scrap averaged 44.84% in May, down 8.06 percentage points MoM and 7.56 percentage points YoY. (Notes: SMM surveyed 43 producers with a combined capacity of 3.83 million mt/year.) As copper prices went down at the beginning of May, suppliers of copper scrap were reluctant to sell their cargoes, lowering copper scrap supply rapidly. The price spread between copper cathode and copper scrap thus shrank to a low of 561 yuan/mt. Raw material shortages forced copper rod plants using copper scrap to shut down.

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Sebelumnya
setahun yang lalu
Average Operating Rate Of Copper Rod Produced With Copper Cathode Estimated At 71.27% In June
Berikutnya
setahun yang lalu
Average Operating Rate At Copper Rod Makers Using Copper Scrap Estimated At 47.3% In June

Both Supply And Demand Were Weak In Copper Scrap Rod Market

Average Operating Rate Of Copper Rod Produced With Copper Cathode Estimated At 71.27% In June

Average Operating Rate At Copper Rod Makers Using Copper Scrap Estimated At 47.3% In June