Operating rate at copper tube, pipe producers down in Jul

Published: Aug 9, 2018 17:45

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Operating rate across copper tube and pipe producers dipped 6.11 percentage points from Jun to stand at 89.5% in Jul

SHANGHAI, Aug 9 (SMM) – Operating rate across China's copper tube and pipe producers dipped 6.11 percentage points from June to stand at 89.5% in July, SMM research found.

This marked the first month-on month decline since March this year, as downstream demand from the air conditioning industry slowed. On a yearly basis, the operating rate inched up 0.77 percentage point.

We expect the operating rate to fall further to 84% in August, down 1 percentage point on the year. Most air conditioning companies began their summer break this month and this lead to lower operating rate.

Operating rates Copper tube and pipe

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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