Japan April Copper Cable Shipments Likely Down 7% On Month

SINGAPORE, May 27, 2010 (Dow Jones Commodities News via Comtex) -- Japan's copper cable shipments in April likely fell 7% from March, according to preliminary data from the Japanese Electric Wire and Cable Makers' Association Friday.

The association estimated shipments at 55,800 metric tons, 7% higher than last year.

Confirmed shipments of 60,145 tons in March were up 13% on year.

The preliminary April data indicate copper cable shipments to the construction industry were 21,700 tons, down 3% from March and 12% from a year earlier.

The association projected shipments to the automobile sector at 6,100 tons, down 10% from March but up 49% on year.

Official April results and preliminary May data will be released late next month.