Shanghai Metal Market
Operating rates at chinese aluminum wire and cable producers rose to 73% in June
Edited by : AL CIRCLE
1 min read
Operating rates at domestic aluminum wire and cable producers averaged 73% in June, up 4 percentage points from May, Shanghai Metals Market’s survey has found.
This signals a peak season for aluminum wire and cable sector. Increased investments in power grid construction are boosting order books at domestic aluminum wire and cable producers.
Although the number of power grid projects by the State Grid Corporation of China (SGCC) increased, order books for the rest of the year actually dropped. Wire and cable needed for current power grid construction were ordered earlier this year or even the second half of last year, SMM has learned from some producers. With many producers producing the same products, competition in the sector has become all the more fierce.
Many are uncertain whether future power grid construction will continue to drive demand for aluminum wire and cable.
This signals a peak season for aluminum wire and cable sector. Increased investments in power grid construction are boosting order books at domestic aluminum wire and cable producers.
Although the number of power grid projects by the State Grid Corporation of China (SGCC) increased, order books for the rest of the year actually dropped. Wire and cable needed for current power grid construction were ordered earlier this year or even the second half of last year, SMM has learned from some producers. With many producers producing the same products, competition in the sector has become all the more fierce.
Many are uncertain whether future power grid construction will continue to drive demand for aluminum wire and cable.
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