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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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Copper Tube/Pipe Plants

orders

Copper Tube/Pipe orders

copper prices

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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