Operation Rates at Chinese Wire & Cable Producers Tumble in January, SMM Reports-Shanghai Metals Market

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Operation Rates at Chinese Wire & Cable Producers Tumble in January, SMM Reports

SMM Insight 08:01:33PM Feb 10, 2017 Source:SMM

SHANGHAI, Feb. 10 (SMM) – The average operation rate at the 23 Chinese wire & cable producers, representing 1.40 million mt/yr in capacity, tumbled in January, according to SMM survey.  

SMM survey finds the rate at those surveyed was 49.12 percent in January, down 21.92 percentage points year-on-year and 28.91 percentage points month-on-month.

The big drop in the rate was due mainly to production halts for the holiday, which was longer than past years, and off-demand season. 

The high base in January 2016 was another reason behind the decline, as the 2016 Chinese New Year holiday fell in February. 

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

Key Words:  smm survey  wire & cable  copper price 

Operation Rates at Chinese Wire & Cable Producers Tumble in January, SMM Reports

SMM Insight 08:01:33PM Feb 10, 2017 Source:SMM

SHANGHAI, Feb. 10 (SMM) – The average operation rate at the 23 Chinese wire & cable producers, representing 1.40 million mt/yr in capacity, tumbled in January, according to SMM survey.  

SMM survey finds the rate at those surveyed was 49.12 percent in January, down 21.92 percentage points year-on-year and 28.91 percentage points month-on-month.

The big drop in the rate was due mainly to production halts for the holiday, which was longer than past years, and off-demand season. 

The high base in January 2016 was another reason behind the decline, as the 2016 Chinese New Year holiday fell in February. 

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

Key Words:  smm survey  wire & cable  copper price