China Lithium Market Dynamics & Lithium Procurement Study

China Lithium Market Dynamics and Lithium Procurement Study

Battery Recycling Technology Understanding

Solid State Battery Market

   China Scrap Steel Quality Analysis 

China Scrap Steel Cost Curve

Home

Metal News

SMM Cu Survey: Operating Rates Improve Further at 18 Major Domestic Copper Wire Rod Producers

Li-ion Battery Americas 2024

2024 SMM (19th) Aluminium Conference & the First Aluminium Industry Expo

CLNB 2024 9TH CHINA NEW ENERGY EXPO

Indonesia Nickel & Cobalt & EV Industry Conference 2024

ASEAN Tin Industry Conference 2024

ASEAN Coal Industry Conference 2024

ASEAN Aluminium Industry Conference 2024

2024 ASEAN Automotive Supply Chain

2024 Global Renewable Metal Industry Chain Summit

2nd Li-ion Battery Europe 2024

Hydro Gets 100 Years of Bauxite in $4.9 Billion Deal (Update3) 

SHANGHAI, May 4 (SMM)&nbsp;--&nbsp;A recent SMM survey of 18 major domestic copper wire rod producers (total capacity: 3.06 million mt) revealed the following insights:&nbsp; 
&nbsp; 
1) Operating Rates Improve Further 
According to the survey, the average operating rate at the 18 copper wire rod producers was 78.8% in April, up 6.3% from March levels, and up 4% from May 2009 levels, both of which were in line with a SMM survey of orders.&nbsp; Operating rates in April at large-size producers increased 6.7% on a monthly basis, and rates at small and medium-size producers also grew modestly.&nbsp; Although the survey showed increases in operating rates for April, enterprises also&nbsp; said overall demand growth for 2010 will not as strong as 2009.&nbsp; Downstream buying interest remains cautious with copper prices high.&nbsp; Orders to date for 1H 2010 were due largely to the Central Government's RMB 4 trillion stimulus package.&nbsp; Producers are worried that recent moves by the Central Government to control the overheating property market in China will negatively affect operating rates during 2H 2010.
2) Inventories of Raw Materials and Finished Products Stabilizing&nbsp; 
The survey shows raw material inventories were 19.0% of consumption in April, down 2% on a monthly basis, and with the proportion of finished goods stocks at 12.1%.&nbsp; Most surveyed wire rod producers say they will continue to purchase goods on an as-needed basis, but remain flexible to take advantage as prices fluctuate.
&nbsp;
Copyright &copy; SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: <a href="mailto:service.en@smm.cn">service.en@smm.cn</a>

2010 March Pb Output Data Analysis 

SMM Cu Survey: Operating Rates Improve Further at 18 Major Domestic Copper Wire Rod Producers | Shanghai Non ferrous Metals

SMM Cu Survey: Operating Rates Improve Further at 18 Major Domestic Copper Wire Rod Producers

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain