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Home / Metal News / 20% Chinese Copper Tube/Pipe Plants See Orders Rise in November

20% Chinese Copper Tube/Pipe Plants See Orders Rise in November

Nov 21, 2016 11:29

Source:SMM

The most recently SMM survey shows about 25% Chinese copper tube/pipe plants expect their orders to rise in November. Their production was affected by China’s National Day holiday in October, and will

SHANGHAI, Nov. 21 (SMM) - The most recent SMM survey shows about 20% Chinese copper tube/pipe plants expect their orders to rise in November. Their production was affected by China’s National Day holiday in October, and will recover in November.

About 5% believe orders will fall, citing surging copper prices, which will dampen end-user purchases.

The remaining 75% are neutral. Air conditioner producers will hoard stocks in Q4 during the peak demand season for copper tube/pipe. And output will remain at current level.

The average operating rate at these plants will be 73.40% in November, SMM predicts.

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