Operating Rate at Copper Tube/Pipe Producers Registers Year-on-Year Growth in July, SMM Reports

Published: Aug 11, 2017 16:06

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Operating rates averaged 88.72% at copper tube/pipe producers surveyed by SMM in July, up 23.43 percentage points YoY but down 1.1 percentage points MoM.

SHANGHAI, Aug. 11 (SMM) - Operating rates averaged 88.72% at copper tube/pipe producers surveyed by SMM in July, up 23.43 percentage points YoY but down 1.1 percentage points MoM. Equipment update and high temperatures dragged down operating rates.

China Copper Cathode Output Falls in July, and to Rise in August, SMM Reports

However, the operating rate was still high, despite of small decline. Most producers maintained full-load production amid brisk demand. Large air-condition producers arranged high production schedule for August in response to frenzy demand. But, orders at copper tube/pipe and air-condition producers both dropped from late June. Moreover, high air-condition inventories will also reduce production enthusiasm.

SMM expects operating rate at copper tube/pipe producers to increase further to 89.49% in August after the end of equipment update. Most producers will keep steady production amid stable orders.

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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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