AM Statistics: Operating rate of Chinese main copper rod plants in May up by 1% MOM
2014-06-10 09:20:32 [Print]
BEIJING (Asian Metal) 10 Jun 14 - According to figures from Asian Metal, the average operating rate of main copper rod plants in China was around 69% in May, up by 1% month-on-month.
The Asian Metal survey into production in 24 copper rod plants in China showed that total production with the annual capacity of 6.12 million tons was 349,800t in May, up by 1% month-on-month. Among the 24 copper rod producers, there are 9 large-sized producers with the annual capacity of above or equal to 300,000t each, and the total capacity is 3.61 million tons; there are 14 mid-sized producers with capacity at 100,000-300,000tpy for each and 2.43 million tons in total; there is one producer with the capacity of 80,000tpy. The operating rates in different regions are shown below in form:
In May, copper premiums in China kept falling, and domestic copper supply turned abundant. Meanwhile, some producers put off copper rod orders till May due to the low outputs in April. Therefore, most producers increased copper rod production. However, since orders from electric wire and cable plants started to decline, copper rod production rally was limited.
With the slack season for copper rod consumption coming, domestic demand is likely to weaken further in June. In the event, the operating rate of main copper rod producers in China may fall slightly this month.
The Asian Metal survey into production in 24 copper rod plants in China showed that total production with the annual capacity of 6.12 million tons was 349,800t in May, up by 1% month-on-month. Among the 24 copper rod producers, there are 9 large-sized producers with the annual capacity of above or equal to 300,000t each, and the total capacity is 3.61 million tons; there are 14 mid-sized producers with capacity at 100,000-300,000tpy for each and 2.43 million tons in total; there is one producer with the capacity of 80,000tpy. The operating rates in different regions are shown below in form:
In May, copper premiums in China kept falling, and domestic copper supply turned abundant. Meanwhile, some producers put off copper rod orders till May due to the low outputs in April. Therefore, most producers increased copper rod production. However, since orders from electric wire and cable plants started to decline, copper rod production rally was limited.
With the slack season for copper rod consumption coming, domestic demand is likely to weaken further in June. In the event, the operating rate of main copper rod producers in China may fall slightly this month.
Copper Rod TC Ф8mm EXW China
Unit:RMB/mt
China's copper rod producers' output statistics by province by month
Unit: mt
