Raw Material Inventory/Output Ratio At Copper Pipe Plants Stood at 4.62% in May

The raw material inventory/output ratio of copper tube enterprises was 4.62% in May, down 0.46 percentage point from the previous month. In recent months, the raw material inventory of copper pipe plants has remained low, mainly due to the significant fluctuations in copper prices. Raw material inventories decreased due to increased orders.

The rapid rebound of copper prices at the end of the month made enterprises more cautious in purchasing raw materials, reducing inventory of raw materials.