Mysteel Monthly: Aug China copper tube production 116kt, -3.3% MoM
According to Mysteel survey, August China copper tube/pipe production was 116kt and utilization rate was 53.77%, -3.33% MoM. Decline was driven by weak end users' demand. Some producers chose to reduce price to strive for orders.
Big tube/pipe producers' utilization rate was 62.42% in August, which remained relatively high. Big companies signed long term contract with customers and received some export orders, which helped the production steady. Middle scale producers' utilization rate was 51.7% and small companies was 47.2%. Mid-small producers' utilization rate was obviously lower than large producers because of three reasons. First, producers received short term orders, which existed uncertainty. Second, producers chose to produce according to orders to ensure production efficiency and capital liquidity. Third, high temperature impacted producers in Chongqing and Jiangsu province on electricity supply limitation.
Mysteel learns that large scale copper tube producers plan to increase output schedule as end users air conditioner companies demand expects to improve. However, part of small tube/pipe producers remains bearish view on the market. Overall, Mysteel expects copper tube production to increase in September.
For queries and more information/data/reports access, please contact Paula Xu at xuzhongping@mysteel.com
Mysteel Monthly: Aug China copper consumption in air conditioner was 97.6kt
Sep 08, 2022 15:55
Mysteel Monthly: Copper tube demand declined
Sep 01, 2022 09:36
Monthly: China's Sept air-con copper consumption analysis
Oct 14, 2022 16:21
China's metal smelters' profits slip 11.9% over Jan-Feb
Mar 27, 2018 16:45
Copper tube prices: China's major cities
Jul 26, 2024 11:49
Copper tube prices: Tianjin
Jul 26, 2024 11:48
Copper tube prices: Wuhan
Jul 26, 2024 11:47
Copper tube prices: Shenzhen
Jul 26, 2024 11:46
Copper tube prices: Ningbo
Jul 26, 2024 11:44