Lower activity at Chinese PSSF producers in October - 0 views
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Matthew Wonnacott on 19 Nov 12An October survey of 21 Chinese copper plate, sheet, strip and foil producers, with a annual capacity of 984,200t/y, showed that operating rates fell to 56.40% in October, down 1.13 percentage points from September. The survey also reported that raw materials inventories held by producers fell to 20.08% of production, down 4.61 percentage points from September. The survey cited sluggish demand from European and US markets as a factor weighing on PSSF demand, and said the orders ahead of the Christmas period were still low. The survey also highlighted producer pessimism about the copper price as a factor in lower raw materials stock holdings.