SHANGHAI, Jun. 3 (SMM) – Goldman Sachs said in a recent report that enforcement of a national standard for aluminium alloy cable scheduled for September 1 may hurt China’s copper demand in 2016. Chinese analysts, however, believe the any immediate impact is not expected.
“The theory was raised years ago, but aluminum alloy consumption in wire & cable sector remains limited, meaning it remains still hard to replace copper with aluminum alloy in large amounts, so we see limited impact in the near term,” analyst of First Futures told SMM.
Analyst of Dayou Futures also noted that it takes time to update equipment and technologies. “There won’t be any major effects in the short term, but the influence may loom large in the long run,” the analyst added.
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