SHANGHAI, May 2 (SMM) – According to the latest SMM survey of 21 major domestic electric wire and cable producers, 81% of the producers see limited upward room in their orders in May.
As State Grid Corporation of China (SGCC) and China Southern Power Grid (CSG) had fewer bidding projects recently, electric wire and cable orders at these producers will not improve significantly in May. Although there is news that some highway, airport, and railway projects have been approved and finical expenditures and bank loans increased significantly during March, their actual demand for electric wire and cable is unlikely to increase prominently over the near term. Enameled wire producers told SMM that enameled wire consumption has recently been weaker than that in the same period last year since home appliance markets experienced considerable contraction.
19% of the surveyed producers said they should in late May or June deliver some projects received in April from some railway or urban power grid projects, and will drive up overall operating rate at electric wire and cable producers in May.