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China copper rod producers operate at higher rate of 76.85pct in November

Metal News - Published on Wed, 12 Dec 2018

Image Source: steelguru.com
SMM reported that operating rates across China's copper rod producers stood at 76.85% in November, up 0.43 percentage point from October and up 4.4 percentage points from a year ago. Annual targets pushed some copper rod producers to step up production in November. More overseas purchases for Christmas Day in December also buoyed operating rates across domestic copper rod plants.

In November, downstream orders for copper rods that used to manufacture enamelled wire remained weak, and this capped the increase in the overall operating rate at copper rod mills.

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Posted By : Nanda Koijam on Wed, 12 Dec 2018
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