SHANGHAI, Jul. 18 (SMM) - About 45% of Chinese copper tube/pipe producers expect orders to fall in July, according to the latest SMM survey of 20 domestic copper tube/pipe producers.
They base their opinion on the onset of low-demand season, high air conditioner stocks and cash tightness. Meanwhile, China’s economy faces downward pressure, and industrial profit is still thin.
Some 55% see orders stabilize in July.
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