Operating Rate to Fall Further at China Major Copper Wire & Cable Producers in August, SMM Expects

SHANGHAI, Jul. 31 (SMM) – SMM sees further decline in operating rate at China’s major copper wire & cable producers in August since the off-season is here to stay. 

SMM’s survey of 23 domestic copper wire & cable producers, with capacity totaling 1.50 million tonnes, showed their operating rates averaged 89.65% in July, up 10.81 percentage points year-on-year, but down 2.18 percentage points month-on-month. 

The average operating rate will drop further to 86.34% in August, SMM estimates. 

About 74% of those producers surveyed by predict orders to be flat in August from July’s level, while the rest 26% expect orders to continue falling.  

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