China Cu Output Data Analysis in April (May 28, 2012)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • Aluminium
  • hydrogenation stations
  • Production data
  • Futures movement
  • Copper
  • nickel laterite
  • Nickel
  • Market commentary
  • Macroeconomics
  • In the United States
  • Nickel ore
  • Spot copper

China Cu Output Data Analysis in April (May 28, 2012)

Data Analysis 10:49:00AM May 28, 2012 Source:SMM

SHANGHAI, May 28 (SMM) – According to the NBS, China's copper semis output during April was 993,000 mt, down 5% MoM, and the decline was due largely to a drop in operating rates at copper wire rod producers, as well as weak demand for copper wire rod, which consumes nearly 50% of copper output. April is traditionally a peak demand period, but demand was down from normal levels compared to past years. As the pace of new state power investments was extremely slow from January to April, electric wire and cable demand was soft and limited copper wire rod consumption. Enameled wire and electrical equipment industries, as well as other downstream industries which use copper wire rod, also experienced soft downstream demand during April, causing operating rates at copper wire rod producers to fall. In addition, recent NBS data showed lower MoM output of railway locomotives, computer equipment, mobile telecommunication handsets, mobile communication base stations, household washing machines, power equipment, and other industrial products, negatively affecting copper semis consumption. 


 

Key Words:  copper semis output  

Price

more
#1 Refined Cu
Oct.22
47170.0
-20.0
(-0.04%)
Standard-Grade Copper
Oct.22
47160.0
-20.0
(-0.04%)
High-Grade Copper
Oct.22
47180.0
-15.0
(-0.03%)
Guixi copper
Oct.22
47190.0
-10.0
(-0.02%)
Low-quality copper
Oct.22
47130.0
-10.0
(-0.02%)

China Cu Output Data Analysis in April (May 28, 2012)

Data Analysis 10:49:00AM May 28, 2012 Source:SMM

SHANGHAI, May 28 (SMM) – According to the NBS, China's copper semis output during April was 993,000 mt, down 5% MoM, and the decline was due largely to a drop in operating rates at copper wire rod producers, as well as weak demand for copper wire rod, which consumes nearly 50% of copper output. April is traditionally a peak demand period, but demand was down from normal levels compared to past years. As the pace of new state power investments was extremely slow from January to April, electric wire and cable demand was soft and limited copper wire rod consumption. Enameled wire and electrical equipment industries, as well as other downstream industries which use copper wire rod, also experienced soft downstream demand during April, causing operating rates at copper wire rod producers to fall. In addition, recent NBS data showed lower MoM output of railway locomotives, computer equipment, mobile telecommunication handsets, mobile communication base stations, household washing machines, power equipment, and other industrial products, negatively affecting copper semis consumption. 


 

Key Words:  copper semis output