Operating Rate at China Copper Wire & Cable Plants to Fall in July, SMM Surveys

Published: Jul 3, 2017 10:29

Save

The average operating rate at Chinese copper wire & cable producers is expected to fall 2.93 percentage points to 88.90% in July, SMM predicts based on a survey.

SHANGHAI, Jul. 3 (SMM) - The average operating rate at Chinese copper wire & cable producers is expected to fall 2.93 percentage points to 88.90% in July, SMM predicts based on a survey.

Chile Copper Output Leaps 9.3% in May

About 26% producers said consumption had weakened in late June. Demand is expected to have peaked in June for the high-demand season, and will soften in July.

About 70% producers see orders and production remain flat in July.

Jiangsu’s Nantong for the First Time Imports Raw Copper Ore

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

Operating rates electric wire & cable producers

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 min ago

Anhui Youjin Guanhua 100,000 mt Copper Cathode Smart Electrolysis Project Officially Put into Operation

[SMM Flash] On June 26, the 100,000 mt copper cathode smart electrolysis project of Anhui Youjin Guanhua New Material Technology Co., Ltd. officially commenced production and yielded copper. According to SMM, the project is located in Guichi District, Chizhou city, Anhui province, with a total investment of approximately 835 million yuan. Currently, the company's monthly copper cathode production is about 10,000 mt, and once commissioned, the project will bring a certain increase to regional copper cathode supply.

1 min ago

9 mins ago

Nigeria Announces Major Polymetallic Discovery Containing Copper and Other Critical Minerals

Nigeria has announced the discovery of a new polymetallic mineral province in Kaduna State containing copper, nickel, lithium, rare earth elements, platinum group metals and gold, describing it as one of the country's most significant critical minerals discoveries in recent years. The discovery was made by Steron Mining in collaboration with the Nigerian Geological Survey Agency (NGSA). At the same time, Steron Mining reported approximately 3.3 million tonnes of lithium reserves at its Abuja project, with total mineral resources estimated at 94.8 million tonnes. The Nigerian government said it will continue promoting domestic mineral processing and value-added development to strengthen its position in the global critical minerals supply chain. That infrastructure, power supply and regulatory challenges remain key factors affecting future project development.

9 mins ago

10 mins ago

Rio Tinto Reportedly in Talks with Vitol on Freight and Logistics Joint Venture

Rio Tinto is reportedly in early-stage discussions with commodity trading giant Vitol regarding the formation of a freight and logistics joint venture. According to market sources, the talks include potential cooperation in freight management and freight risk management tools, although the structure and scope of any agreement have yet to be finalized. The discussions reflect Rio Tinto's ongoing efforts to strengthen supply chain efficiency and improve value creation across its commodity portfolio, including copper. The move follows the company's broader strategy of streamlining operations and enhancing commercial capabilities after ending acquisition talks with Glencore earlier this year.

10 mins ago