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SHANGHAI, Jul 13 (SMM) – Operating rates across Chinese copper tube and pipe manufacturers continued to increase in June and stood at high levels amid a peak season for air-conditioners, SMM research found.
In June, the rate came in at 95.6%, up 1.69 percentage points month on month and 5.78 percentage points year on year.
We expect the rate to nudge up further to 95.7% in July, 6.98 percentage points higher than the same period last year.
For queries, please contact William Gu at williamgu@smm.cn
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