SHANGHAI, Mar. 25 (SMM) - The length of high-voltage power transmission lines constructed in the first two months of this year increased 11% from a year ago, supporting demand for aluminium wires and cables, Shanghai Metals Market has learnt.
4,201 kilometres of power lines of and above 220 kV were built in China during January and February while the country’s total power grid investment grew 22% year-on-year to 40 billion yuan ($6.5 billion) in the same period, according to data released by China Electricity Council.
China’s planned construction of high-voltage power grid would keep demand robust for aluminium before 2017 as a majority of those transmission lines use aluminium wires and cables, SMM reported earlier.
However, capacity utilization rates at Chinese aluminium wire and cable producers dipped to this year’s low in February as the new power lines were built on orders submitted last year, according to SMM’s research team.