Copper Wire & Cable Producers in Jiangsu Hit by Government Checks, SMM Reports 

Published: Sep 27, 2017 16:49
Many small and medium copper wire & cable producers in Jiangsu’s Yixing have closed for rectifications following an unexpected check by the State Bureau of Quality and Technical Supervision last week.

SHANGHAI, Sept. 27 (SMM) – Many small and medium copper wire & cable producers in Jiangsu’s Yixing have closed for rectifications following an unexpected check by the State Bureau of Quality and Technical Supervision last week.

This allowed orders to flow to large producers in the province, SMM learns.

So far, no large producers plan to halt production during the upcoming 2017 Chinese National Day holiday (Oct. 1-7).

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

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 to learn 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
Hayland Copper Approved by U.S. Government, Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]
1 hour ago
Hayland Copper Approved by U.S. Government, Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]
Read More
Hayland Copper Approved by U.S. Government, Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]
Hayland Copper Approved by U.S. Government, Overnight LME Copper and SHFE Copper Both Closed Lower [SMM Copper Morning Meeting Minutes]
SMM Morning Meeting Summary: Overnight, LME copper opened at $12,398/mt, touching a high of $12,398/mt at the start of the session. Copper prices then fluctuated downward, hitting a low of $12,280/mt, before moving sideways to finally close at $12,328.5/mt, down 0.16%. Trading volume reached 16,000 lots, and open interest stood at 294,000 lots, a decrease of 473 lots from the previous trading day, mainly driven by bulls reducing positions. Overnight, the most-traded SHFE copper 2605 contract opened at 96,040 yuan/mt, touching a high of 96,300 yuan/mt at the start of the session. Copper prices then shifted downward, hitting a low of 95,540 yuan/mt, before moving sideways to finally close at 95,850 yuan/mt, down 0.74%. Trading volume reached 33,000 lots, and open interest stood at 177,000 lots, an increase of 1,074 lots from the previous trading day, mainly driven by bears adding positions.
1 hour ago
BC Copper Closed Higher in Volatile Trading as Bulls Added Positions, Hawkish US Fed Tone Cooled and Interest Rate Cut Expectations Rose [SMM BC Copper Commentary]
14 hours ago
BC Copper Closed Higher in Volatile Trading as Bulls Added Positions, Hawkish US Fed Tone Cooled and Interest Rate Cut Expectations Rose [SMM BC Copper Commentary]
Read More
BC Copper Closed Higher in Volatile Trading as Bulls Added Positions, Hawkish US Fed Tone Cooled and Interest Rate Cut Expectations Rose [SMM BC Copper Commentary]
BC Copper Closed Higher in Volatile Trading as Bulls Added Positions, Hawkish US Fed Tone Cooled and Interest Rate Cut Expectations Rose [SMM BC Copper Commentary]
14 hours ago
Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine
16 hours ago
Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine
Read More
Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine
Panama to Allow First Quantum to Remove Copper Ore from Cobre Panama Mine
Panama’s government expects to issue a resolution by Tuesday allowing First Quantum Minerals to remove stockpiled ore from the closed Cobre Panama copper mine, Trade Minister Julio Molto said Monday.The mine holds about 38 million metric tons of stockpiled ore, which could yield roughly 70,000 tons of copper. First Quantum has said processing could begin about three months after formal approval and take around a year to complete.
16 hours ago
Copper Wire & Cable Producers in Jiangsu Hit by Government Checks, SMM Reports  - Shanghai Metals Market (SMM)