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Domestic sales showed slight resilience in July, while exports have already declined significantly. National subsidies and other policies remain unclear at present, and air conditioner inventories are high, posing pressure on both OEMs and channel distributors. After entering August and September, both domestic sales and exports are expected to decline significantly, with the operating rate of copper pipe & tube enterprises projected to be only 60-70%.
Jul 03, 2025 14:09
SMM's monthly production data for base metals is released at the end of each month, aiming to uncover the true fundamentals for industry chain professionals and investors, and providing a clearer grasp of the future direction of the metals market.