AM Statistics: Copper rod stocks in Chinese main plants down by 22% MOM by the end of April
2014-05-09 09:15:16 [Print]
BEIJING (Asian Metal) 9 May14 - The statistics from Asian Metal about copper rod stocks in 23 plants with the total annual capacity of 5.9 million tons showed that copper rod stocks were 47,800t by the end of April, down by 22% from 61,000t in late March.
The following table is about the copper rod stocks in Chinese main provinces. (Unit: tonne)
It was the traditional bullish season in April, and copper rod demand improved on the Chinese domestic market. In addition, Chinese main producers reduced or even suspended production of copper rod due to the tight supply of copper cathodes, and their supply of copper rod fell short of the demand. Therefore, copper rod stocks in China kept falling,
With copper supply easing, most producers in China may increase production of copper rod this month. However, considering the strong demand, most participants believe that copper rod stocks are likely to stay at low levels in May.
The following table is about the copper rod stocks in Chinese main provinces. (Unit: tonne)
It was the traditional bullish season in April, and copper rod demand improved on the Chinese domestic market. In addition, Chinese main producers reduced or even suspended production of copper rod due to the tight supply of copper cathodes, and their supply of copper rod fell short of the demand. Therefore, copper rod stocks in China kept falling,
With copper supply easing, most producers in China may increase production of copper rod this month. However, considering the strong demand, most participants believe that copper rod stocks are likely to stay at low levels in May.
Copper Rod TC Ф8mm EXW China
Unit:RMB/mt
China's copper rod producers' suspension number statistics by province by month
Unit: pcs
