SHANGHAI, Jun. 24 (SMM) – Utilization rate at China’s copper tube/pipe producers fell by 2.12 percentage points on the month to 87.32% in May, marking its first MoM drop this year, SMM’s survey indicates.

Facility repair at one large company affected tube/pipe production in May, and the repair will continue into June. Moreover, huge inventories caused China’s air-conditioner output growth to slow to a mere 2.4% January-May, dampening air-conditioning pipe demand.

That said, orders for marine pipes were robust, so producers of such pipes were mostly running at capacity.

Heading into June, 40% of companies surveyed said that the low demand season and excess inventories at distributors caused their orders to fall.


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