AM Statistics: Operating rate of Chinese main copper rod plants in June down by 3% MOM
2014-07-10 09:38:05 [Print]
BEIJING (Asian Metal) 10 Jul 14 - According to figures from Asian Metal, the average operating rate of main copper rod plants in China was around 69% in June, down by 3% 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 352,500t in June, down by 3% 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:
With the slack season approaching, copper rod demand started to shrink in June, and producers’ orders were on the decline. In addition, consumers needed to pay back bank loans in June and were under high capital pressure. As a result, the operating rate slid last month.
In early July, copper prices climbed up sharply, and consumers were hesitant to rebuild stocks at increased prices. Moreover, copper rod consumption would continue to decrease. In the event, the operating rate of main copper rod producers in China may fall further 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 352,500t in June, down by 3% 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:
With the slack season approaching, copper rod demand started to shrink in June, and producers’ orders were on the decline. In addition, consumers needed to pay back bank loans in June and were under high capital pressure. As a result, the operating rate slid last month.
In early July, copper prices climbed up sharply, and consumers were hesitant to rebuild stocks at increased prices. Moreover, copper rod consumption would continue to decrease. In the event, the operating rate of main copper rod producers in China may fall further this month.
Copper Rod TC Ф8mm EXW China
Unit:RMB/mt
China's copper rod producers' output statistics by province by month
Unit: mt
