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Panos Kotseras

China - Jiangrun Copper plans to make 240,000 tonnes of copper wirerod in 2009 - 0 views

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    Jiangsu Jiangrun Copper Co., Ltd. is planning to produce 240,000 tonnes of copper wirerod in 2009. The company is making use of the newly installed SCR line, which is gradually ramping up to its full capacity of 350,000 tonnes of copper wirerod. Jiangsu Jiangrun is a subsidiary of Jiangsu Jinhui Group, a major copper conductor producer in China established in 1994.
Olivier Masson

Hebei Dawufeng Copper temporarily suspends wirerod production - 0 views

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    Xinxing Zhunguan, a Zhejiang-based manufacturer of copper wirerod, plans to increase production at its facility to 165,000t in 2013, up by 10% from 150,000t in 2012. Despite low profitability at Chinese wirerod producers, an official at the company said Xinxing Zhunguan still plans to increase output in 2013 in order to enhance competitiveness. The company said it expects orders to be subdued in the run up to the Chinese Lunar New Year, but then expects a strong rebound after the holiday period. This is consistent with another report on 11th January from Reuters which cited several Chinese copper traders as expecting the period between now and the holiday to be quiet, followed by a strong rebound.
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    Jiangsu Jiangrun Copper Co. Ltd, a large Chinese copper wirerod producer, is planning to increase production of copper wirerod to 500,000t in 2013, up from 280,000t in 2012, according to an official from the company. The official said copper wirerod demand was weak in 2012, and that the company's output fell by 68,000t from 2011. The official said Jiangsu Jiangrun has invested in a new copper wirerod project which will come online from June 2013, giving the company another 350,000t/y of capacity, which will take total capacity to 750,000t/y.
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    According to a survey from Asian Metal, Chinese wirerod capacity is expected to expand by 2.78Mt in 2013. Data published with the report showed that 570,000t of new wirerod production capacity will come online in Q1, followed by another 500,000t in Q2. By the end of the year this will be joined by another 1.71Mt of production capacity. The report cited Chinese local governments' desire to expand GDP growth, as well as the intention of individual companies to grow large enough to list on stock exchanges, as reasons for the rapid expansion in capacity.
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    Anhui Xinke New Material Co. will start production at a new 150,000t/y copper wirerod plant in March, according to an official from the company. The source said that the company is currently in the process of testing the equipment and producing wirerod in small quantities at the site. The official said that since starting construction of the project in November 2011, wirerod demand had become "sluggish" and that processing fees for turning cathode into wirerod had declined. In 2013, the company plans to produce 100,000t of copper wirerod after shutting its old production line which could produce 35,000t/y in early February.
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    Anhui Xinke, the Anhui-based manufacturer of copper wirerod, will put its new 150,000t/y wirerod plant into operation on 1st April, according to a source from the company. The company has invested RMB1.2B (US$191M) in the facility which will operate alongside its existing 35,000t/y facility. The company said that it produced 4,500t of copper wirerod in March, up from 2,500t in February. However, the source said that wirerod trading had slowed down and that it was harder to conclude deals at the moment.
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    According to an official from Chinalco Kunming Copper Co., the Chinese wirerod manufacturer, the company produced 10,000t of copper wirerod in March, up from 7,000t in February. The official said that March's output of wirerod had risen because of a week-long shutdown in February for the Chinese New Year. However, output had still fallen short of the company's 13,000t target. Chinalco Kunming plans to produce 150,000t of wirerod in 2013, utilising around 68% of its 220,000t/y capacity. According to a report from Asian Metal, the company has recently settled its long-term charges for processing 8.0mm wirerod at RMB1,150/t (US$183/t).
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    Wirerod production at Hebei Dawufeng Copper has been temporarily suspended since early April in order to carry out maintenance. The company elected to halt production for a month in order to carry out equipment maintenance, owing to the currently sluggish wirerod market. Production at the plant, which has a wirerod production capacity of 100,000 t/y is scheduled to re-start in early May.
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