Operating Rate to Fall Further at China Major Copper Wire & Cable Producers in August, SMM Expects

Published: Jul 31, 2017 11:18

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SMM sees further decline in operating rate at China’s major copper wire & cable producers in August since the off-season is here to stay.

SHANGHAI, Jul. 31 (SMM) – SMM sees further decline in operating rate at China’s major copper wire & cable producers in August since the off-season is here to stay.

SMM’s survey of 23 domestic copper wire & cable producers, with capacity totaling 1.50 million tonnes, showed their operating rates averaged 89.65% in July, up 10.81 percentage points year-on-year, but down 2.18 percentage points month-on-month.

The average operating rate will drop further to 86.34% in August, SMM estimates.

About 74% of those producers surveyed by predict orders to be flat in August from July’s level, while the rest 26% expect orders to continue falling.

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copper wire & cable operating rate SMM survey

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.

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