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Reinstatement of work and production: Recycled copper rod transactions remain sluggish in the initial stage
Today at midday, the current month contract closed at 102,380 yuan/ton, up 680 yuan/ton from the previous trading day. Recycled copper rod prices in Hubei are quoted at 101,300-101,400 yuan/ton, a discount of 980-1,080 yuan/ton to the current month contract (average discount of 1,030 yuan/ton). After the Spring Festival holiday, companies are gradually resuming work and production, but actual trading activity remains subdued. (SMM)