Home / Metal News / Aluminium / 86% of Chinese Copper Wire & Cable Producers See Stable Orders in Jun. 2014
86% of Chinese Copper Wire & Cable Producers See Stable Orders in Jun. 2014
Jun 6,2014 08:45CST
industry news
Source:SMM
86% of Chinese copper wire and cable manufacturers predicted that their orders would remain stable in June, an SMM survey of 21 manufacturers showed.

SHANGHAI, Jun. 6 (SMM) – 86% of Chinese copper wire and cable manufacturers predicted that their orders would remain stable in June, an SMM survey of 21 manufacturers showed.

These producers based their opinion on rising temperatures which might impede progress of construction projects and tightening liquidity at mid-year.

Most copper wire and cable producers were accepting orders cautiously for fear of a potential cash shortage across real estate sector. In addition, demand for wire and cable for industrial and civil use waned. In this scenario, these producers would mainly fulfill orders placed earlier in bid invitation.

14% of producers were more pessimistic, expecting order books to decline in June. A majority of them are enameled wire makers, and report robust consumption for enameled wire used in auto motors. However, these producers said enameled wire applied in home appliances, which claims a large share of their orders, would experience weaker demand.

 

 

copper wire and cable
China copper wire and cable orders

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news