Slow air-conditioner demand lowers Oct operating rates at copper tube/pipe producers

Published: Nov 14, 2018 13:58

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Rates fell 7.75 percentage points month on month to stand at 64.2% in Oct

SHANGHAI, Nov 14 (SMM) – Operating rates across Chinese manufacturers of copper tube and pipe fell 7.75 percentage points month on month to stand at 64.2% in October, down 14.72 percentage points compared to a year ago, SMM data showed.

Rates have declined since July as the air-conditioner sector, one of the major consumers of copper tube and pipe, remained in a cyclically low season.

High inventories of goods for delivery also eroded production enthusiasm among air-conditioner producers and this cut demand for copper tube and pipe.

As the year-end high season for air-conditioner consumption approached, there were signs of resilience at the end of October. SMM expects copper tube and pipe producers to receive more orders in November.

Operating rate Copper Copper tube/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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