China Copper Semis Output Down 9.2% in July-Shanghai Metals Market

Hot Keywords

  • Air pollution
  • Inventory data
  • Zinc
  • Copper
  • Nickel
  • Market commentary
  • nickel laterite
  • hydrogenation stations
  • Aluminium
  • Nickel ore
  • Futures movement
  • Macroeconomics
  • Tin
  • Production data
  • Morning comments

China Copper Semis Output Down 9.2% in July

Industry News 05:59:21PM Aug 25, 2015 Source:SMM

SHANGHAI, Aug. 25 (SMM) – China’s copper semis output dropped 9.2% on the month in July to 1.57 million tonnes, the National Bureau of Statistics reported.

Copper tube/pipe producers were mainly responsible for the month-to-month output decline, SMM reckons.

“Both copper wire rod and copper plate/sheet, strip and foil segments witnessed slight increase in utilization rates versus June thanks to growing orders after copper price slump, while tube/pipe makers saw their utilization rate down during the month,” SMM research team explains.   

One large copper tube/pipe maker expects sharp output reduction in August, which may drag down overall utilization rate.

Total output through the first seven months amounted to 10.298 million mt, up 4.76% from a year ago.

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

 


Price

more
1# Silver ingots(99.99%)
Oct.24
4264.0
-7.0
(-0.16%)
2# Silver ingots(99.95%)
Oct.24
4249.0
-7.0
(-0.16%)
3# Silver ingots(99.90%)
Oct.24
4234.0
-7.0
(-0.17%)
Gold(99.99%)
Oct.24
340.7
-0.1
(-0.02%)
Gold(99.95%)
Oct.24
340.4
-0.1
(-0.03%)

China Copper Semis Output Down 9.2% in July

Industry News 05:59:21PM Aug 25, 2015 Source:SMM

SHANGHAI, Aug. 25 (SMM) – China’s copper semis output dropped 9.2% on the month in July to 1.57 million tonnes, the National Bureau of Statistics reported.

Copper tube/pipe producers were mainly responsible for the month-to-month output decline, SMM reckons.

“Both copper wire rod and copper plate/sheet, strip and foil segments witnessed slight increase in utilization rates versus June thanks to growing orders after copper price slump, while tube/pipe makers saw their utilization rate down during the month,” SMM research team explains.   

One large copper tube/pipe maker expects sharp output reduction in August, which may drag down overall utilization rate.

Total output through the first seven months amounted to 10.298 million mt, up 4.76% from a year ago.

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