AM Statistics: Operating rate of Chinese main copper rod plants in July down by 6% MOM

BEIJING (Asian Metal) 5 Aug 14 - According to figures from Asian Metal, the average operating rate of main copper rod plants in China was around 65% in July, down by 6% 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 6.40 million tons was 346,500t in July, down by 3% month-on-month.Asian Metal Copyright11 million tons; there are 12 mid-sized producers with capacity at 100,000-300,000tpy for each and 2.Asian Metal Copyright Among the 24 copper rod producers, there are 11 large-sized producers with the annual capacity of above or equal to 300,000t each, and the total capacity is 4.Asian Metal Copyright Moreover, many end-users still faced high pressure of capital turnover.Asian Metal Copyright11 million tons; there are 12 mid-sized producers with capacity at 100,000-300,000tpy for each and 2.Asian Metal Copyright Moreover, many end-users still faced high pressure of capital turnover.Asian Metal Copyright21 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 July, copper prices in China fluctuated at around RMB50,000-52,500/t (USD8,117-8,523/t), and buyers were hesitant to accept the high level. Meanwhile, it was the traditional off-season for copper rod consumption, and demand continued to weaken, especially from electric wire and cable producers.Asian Metal Copyright Moreover, some new expansion projectsof copper rod come on stream in August, and the low production may drag down the average operating rate of main copper rod plants in China.Asian Metal Copyright Moreover, many end-users still faced high pressure of capital turnover.Asian Metal Copyright The operating rates in different regions are shown below in form: Region Capacity tpy Operating rate June Operating rate July Tianjin 540,000 70% 64% Shandong 810,000 43% 37% Gansu 150,000 96% 64% Anhui 620,000 63% 69% Zhejiang 300,000 80% 72% Jiangsu 2,280,000 64% 67% Jiangxi 520,000 96% 86% In July, copper prices in China fluctuated at around RMB50,000-52,500t USD8,117-8,523t, and buyers were hesitant to accept the high level.Asian Metal Copyright As a result, the operating rate slid last month.

In August, copper rod consumption would continue to decrease. Moreover, some new expansion projects of copper rod come on stream in August, and the low production may drag down the average operating rate of main copper rod plants in China.Asian Metal CopyrightBEIJING Asian Metal 5 Aug 14 - According to figures from Asian Metal, the average operating rate of main copper rod plants in China was around 65% in July, down by 6% month-on-month.Asian Metal Copyright Therefore, the operating rate of main copper rod producers in China may fall further this month.
.Asian Metal Copyright As a result, the operating rate slid last monthAsian Metal Copyright