Logistics Problems Still Hinder the Production of Copper Processing Enterprises

SHANGHAI, Apr 29 (SMM) - Logistics problems caused by the pandemic control still hinder the production of copper processing enterprises. Downstream wire and cable, enamelled wire and other enterprises are facing problems such as low return rates, high pressure on sales and funds, etc. In addition, the terminal demand is weakening, so the holiday time of most enterprises in the copper industry chain is longer than that in the same period last year. What’s more, the producers have low in-plant raw material inventory. The market shall keep close attention to the damage of the pandemic to copper consumption. If the impact of the pandemic gradually weakens in May, the copper consumption will probably rise in fields such as infrastructure, new energy photovoltaics, wind power and others, but the consumption of traditional power grid, real estate and home appliances is still not prosperous.

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