The production of copper rods in China after the Spring Festival recovers slower than that in previous years and is expected to fully resume after February 5, according to Mysteel's survey of 83 China's copper rod processing enterprises with a total annual capacity of 16.975 million tonnes, including 47 refined copper rod processing enterprises with an annual capacity of 12.3 million tonnes, 36 secondary copper rod processing enterprises with an annual capacity of 4.675 million tonnes.
China's Copper Rod Production Resumption Survey (unit: kt) | |||
Refined Copper Rod | Secondary Copper Rod | Total | |
Resumed | 6,250 | 950 | 7,200 |
Not resumed | 6,050 | 3,725 | 9,775 |
Resumption Proportion | 50.81% | 20.32% | 42.42% |
Data Source: Mysteel |
Large-scale processing enterprises of refined copper rods are more active in resuming production, and some enterprises even maintained partial production during the Spring Festival. Small and medium-sized ones will also resume production in the first week after the Spring Festival. Except for enterprises in East China, the production recovery progress of enterprises in other regions is relatively backward.
China's Refined Copper Rod Production Resumption Survey (unit: kt) | |||
Annual Capacity /Enterprise |
Resumed | Not Resumed | Resumption Rate |
C≥40 | 3,620 | 100 | 78.35% |
20≤C≤40 | 2,390 | 395 | 37.70% |
C≤20 | 240 | 110 | 17.91% |
Areas | Resumed | Not Resumed | Resumption Rate |
Northeast China | 0 | 250 | 0.00% |
North China | 470 | 300 | 61.04% |
East China | 4,780 | 2470 | 65.93% |
South China | 750 | 1,400 | 34.88% |
Central China | 0 | 880 | 0.00% |
Northwest China | 0 | 600 | 0.00% |
Southwest China | 250 | 150 | 62.50% |
Data Source: Mysteel |
China's secondary copper rod processing enterprises have a lower recovery rate, particularly in East and North China, since they reserve raw materials insufficiently and the arrival time of employees is also uncertain.
China's Secondary Copper Rod Production Resumption Survey (unit: kt) | |||
Annual Capacity /Enterprise |
Resumed | Not Resumed | Resumption Rate |
C≥20 | 0 | 750 | 0.00% |
10≤C≤20 | 840 | 2,690 | 23.80% |
C≤10 | 110 | 285 | 27.85% |
Areas | Resumed | Not Resumed | Resumption Rate |
North China | 0 | 395 | 0.00% |
East China | 420 | 2320 | 15.33% |
Central China | 380 | 660 | 36.54% |
Southwest China | 150 | 350 | 30.00% |
Data Source: Mysteel |
Written by Edenlis Huang, huangting@mysteel.com
Edited by Paula Xu, xuzhongping@mysteel.com