20% Chinese Copper Tube/Pipe Plants See Orders Rise in November-Shanghai Metals Market

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

SMM Insight 11:29:08AM Nov 21, 2016 Source:SMM

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.

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

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#1 Refined Cu
Apr.19
49430.0
-170.0
(-0.34%)
Yangshan Copper Premium(Bill of Lading)
Apr.19
51.5
0.0
(0.00%)
Yangshan Copper Premium(Warehouse Warrant)
Apr.19
50.5
0.0
(0.00%)
Imported Cu Concentrate TC(Cu≥26%,Week)
Apr.19
67.0
-1.5
(-2.19%)
Imported Cu Concentrate TC(Cu≥26%,Month)
Mar.29
73.5
-6.0
(-7.55%)

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

SMM Insight 11:29:08AM Nov 21, 2016 Source:SMM

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.

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