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Home / Metal News / Slow Power Investment to Curb Copper Demand, SMM

Slow Power Investment to Curb Copper Demand, SMM

May 27, 2015 17:24

Source:SMM

China’s slowing investment in electric power sector will add to a drag on copper demand with the peak season drawing to a close, SMM reckons.

SHANGHAI, May 27 (SMM) – China’s slowing investment in electric power sector will add to a drag on copper demand with the peak season drawing to a close, SMM reckons.

The National Energy Administration said China’s power grid investment January-April declined 8.65% on the year to a mere 86.6 billion yuan ($14.1 billion), making up only 20.6% of the full-year target. In response, a majority of wire & cable makers told SMM their orders are unlikely to show noticeable rise in the rest of this quarter.

This weak wire & cable sales will in turn impair copper demand, SMM research team says.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

China copper demand

copper wire and cable

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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