Raw Material Inventories at Electric Wire and Cable Producers down to 31.8%-Shanghai Metals Market

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Raw Material Inventories at Electric Wire and Cable Producers down to 31.8%

SMM Insight 05:53:37PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) - According to the latest SMM survey of 22 domestic electric wire and cable producers, raw material inventories at the surveyed producers dropped to 31.8% of production in March, returning the pre-holiday level. Producers expected orders for May to keep a mild growth, but growing supply pressures in the spot copper market and weak copper prices will restrict building-up of raw materials. Besides, producers prefer to purchase goods on an as-needed basis with more working capital from rising orders.

 

Price

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#1 Lead
Oct.18
17025.0
25.0
(0.15%)
#1 Lead - Guangdong
Oct.18
17000.0
0.0
(0.00%)
#1 Lead - Henan
Oct.18
16950.0
0.0
(0.00%)
#1 Lead -Tianjin
Oct.18
16975.0
-25.0
(-0.15%)
#2 Lead
Oct.18
16625.0
0.0
(0.00%)

Raw Material Inventories at Electric Wire and Cable Producers down to 31.8%

SMM Insight 05:53:37PM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) - According to the latest SMM survey of 22 domestic electric wire and cable producers, raw material inventories at the surveyed producers dropped to 31.8% of production in March, returning the pre-holiday level. Producers expected orders for May to keep a mild growth, but growing supply pressures in the spot copper market and weak copper prices will restrict building-up of raw materials. Besides, producers prefer to purchase goods on an as-needed basis with more working capital from rising orders.