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Home / Metal News / Raw Material/Output Ratio at Copper Wire Rod Producers Inch Up in May, Scrap Copper Consumption Sluggish

Raw Material/Output Ratio at Copper Wire Rod Producers Inch Up in May, Scrap Copper Consumption Sluggish

iconJun 18, 2013 12:13
SMM’s surveys of copper wire rod producers reveal that raw material/output ratio at the surveyed producers was 16.98% in May, up slightly from April.

SHANGHAI, Jun. 18 (SMM) – SMM’s surveys of copper wire rod producers reveal that raw material/output ratio at the surveyed producers was 16.98% in May, up slightly from April.

Market pessimism over copper prices eased. Meanwhile, downstream consumption improved, stimulating some copper rod producers to increase to increase inventories.

According to SMM survey, copper rod producers using scrap copper as raw materials continued to suspend production or keep production volumes low in May. Copper rod producers continued to use only limited amount of scrap copper against scrap copper shortages and large price gap between scrap copper and refined copper.  

SMM predicts that scrap copper consumption will pick up mildly along with narrowing price gap between scrap copper and refined copper in June.

 

raw material/output ratio at copper rod producers in May
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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