SHANGHAI, May 16 (SMM) - The average operating rate in the aluminium wire and cable sector is expected to slide to 47% in May due to limited orders from State Grid. However, in the medium and long term, the operating rates may rise.
Export orders were strong, especially from South-east Asia and the Middle East. Customs data showed that China exported 54,000 mt of aluminium wire and cable in the first quarter, a year-on-year increase of 90.8%. The export volume is expected to soar more than 100% YoY in April.
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