Home / Metal News / Average Operating Rate at Copper Plate/Sheet, Strip and Foil Makers Up to 61.58% in Aug.

Average Operating Rate at Copper Plate/Sheet, Strip and Foil Makers Up to 61.58% in Aug.

iconSep 29, 2014 08:48
Source:SMM
The average operating rate at copper plate/sheet, strip and foil producers was 61.58% in August, up 2.01 percentage points from July.

SHANGHAI, Sept. 29 (SMM) – The average operating rate at copper plate/sheet, strip and foil producers was 61.58% in August, up 2.01 percentage points from July, the most recent SMM survey reveals.

While the segment boasted the highest growth in operating rate among three major segments, the rate in August still underperformed 62.49% seen in August 2013.

Large producers reported an increase in operating rate, while SMEs reported a decline. Medium-sized producers suffered the sharpest fall in operating rate mainly because one medium-sized company in our survey sample closed due to insufficient capitals. Risks of shutdown caused by cash shortage are spreading to large producers as well.

The average operating rate at plate/sheet, strip and foil producers looks set to slide to 58.57% in September due to weak demand at home and abroad and liquidity crunch.

Domestic demand is weak in the traditional peak-demand month. Overcapacity and tight cash will intensify market competition, causing some producers to obtain fewer orders.

China registered a 5.2% YoY fall in export value of electric appliances and electronic products January-August, and a 3.8% YoY decline in export value of luggage and bags, indicating poor overseas demand.

Tight cash flows also mean that companies will reject orders from those that delay payments for too long.
 
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

copper plate sheet strip and foil
operating rate survey

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All