SHANGHAI, Jun. 24 (SMM) – Utilization rate at China’s copper tube/pipe producers fell by 2.12 percentage points on the month to 87.32% in May, marking its first MoM drop this year, SMM’s survey indicates.
Facility repair at one large company affected tube/pipe production in May, and the repair will continue into June. Moreover, huge inventories caused China’s air-conditioner output growth to slow to a mere 2.4% January-May, dampening air-conditioning pipe demand.
That said, orders for marine pipes were robust, so producers of such pipes were mostly running at capacity.
Heading into June, 40% of companies surveyed said that the low demand season and excess inventories at distributors caused their orders to fall.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![Expectativas de alta de juros pelo Fed dos EUA se intensificam, combinadas com a mudança dos estoques sociais de lingotes de zinco de queda para aumento, o zinco na SHFE cai sob pressão [Análise dos futuros de zinco da SMM]](https://imgqn.smm.cn/usercenter/TeRBO20251217171754.jpg)
