Operating Rate at China Wire & Cable Plants to Stay High in April, SMM Survey

SHANGHAI, Mar. 20 (SMM) - The average operating rate at Chinese wire & cable producers is expected to reach 82.58% in April, SMM foresees based on a survey.

Bid solicitation by the State Grid and China Southern Power Grid will convert to orders after the Chinese Qingming Festival. Seasonal recovery in orders will be seen in some regions.

About 39% of producers see orders increase in April, 48% see orders at current level and the remaining 13% are not optimistic toward April’s orders. 

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