High Demand Pushes up Production at Chinese Copper Tube/Pipe Producers, SMM Reports-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Production data
  • Market commentary
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

High Demand Pushes up Production at Chinese Copper Tube/Pipe Producers, SMM Reports

SMM Insight 11:51:52AM Jan 13, 2017 Source:SMM

SHANGHAI, Jan. 13 (SMM) – Utilization rates at major domestic copper tube/pipe producers grew in December both on a monthly and yearly basis, SMM latest survey finds.

The average operating rate was 77.31 percent in December, up 0.36 percentage points year-on-year and 0.62 percentage points month-on-month, according to SMM survey.

SMM attributes the rise to rate mainly to high demand in a traditionally busy production season.

In December, domestic air-conditioning manufacturers stepped up production as traders showed higher stockpiling demand due to seasonal factor and price rise expectations after surging prices of raw materials since November. Moreover, the fallback in copper market in December also encouraged copper tube/pipe producers to build up stocks.

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

 

High Demand Pushes up Production at Chinese Copper Tube/Pipe Producers, SMM Reports

SMM Insight 11:51:52AM Jan 13, 2017 Source:SMM

SHANGHAI, Jan. 13 (SMM) – Utilization rates at major domestic copper tube/pipe producers grew in December both on a monthly and yearly basis, SMM latest survey finds.

The average operating rate was 77.31 percent in December, up 0.36 percentage points year-on-year and 0.62 percentage points month-on-month, according to SMM survey.

SMM attributes the rise to rate mainly to high demand in a traditionally busy production season.

In December, domestic air-conditioning manufacturers stepped up production as traders showed higher stockpiling demand due to seasonal factor and price rise expectations after surging prices of raw materials since November. Moreover, the fallback in copper market in December also encouraged copper tube/pipe producers to build up stocks.

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