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Home / Metal News / [SMM Survey] Slow Power Investment Further Drag down Utilization Rate at China Wire & Cable Makers

[SMM Survey] Slow Power Investment Further Drag down Utilization Rate at China Wire & Cable Makers

iconAug 3, 2015 11:56
Source:SMM
Utilization rate at major Chinese wire & cable makers dropped 2.74 percentage points on the month in July to 75.74%, SMM’s most recent survey indicates.

SHANGHAI, Aug. 3 (SMM) – Utilization rate at major Chinese wire & cable makers dropped 2.74 percentage points on the month in July to 75.74%, 4.11 percentage points lower than a year ago, SMM’s most recent survey indicates.

China Electricity Council announced investment in power generation projects grew 7.6% in the first half of the year to 132.1 billion yuan ($21.2 billion), and power grid project investment dropped 0.8% to 163.6 billion yuan. Orders for copper wire & cable declined in response.

Some large wire & cable companies reported bright performance in H1, such as Far East Cable, TBEA, and Qingdao Hanhe Cable. However, wire & cable business was no longer major contributor of their earnings this year. SMM understood that poor copper wire & cable sales have forced some of these companies to switch to other businesses, including aluminum alloy wire & cable development and new energy-related operations.

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

 


copper wire and cable
aluminum alloy cable
SMM survey
China 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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