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Colin Bennett

Copper Slag Market Share, Growth, Trend Analysis and Forecast to 2026 - 2 views

www.in4research.com/...Copper%20Slag-market

Trends Copper Slag Waste

shared by Colin Bennett on 24 Feb 21 - No Cached
  • Colin Bennett on 24 Feb 21
     
    Star Trace, GritSablare, Apex Abrasives Industries, Rolex Enterprise, Vedanta, STAR GRIT, Mitsubishi Materials, SHANGHAI Hmard MINERALS, Abrasive Shot, Copag Abrasives & Minerals, Opta Minerals, Inexo Cast Metal Solutions, CNK International
Matthew Wonnacott

Lower reported utilisation at Chinese wirerod producers in October - 0 views

en.smm.cn/...operating-rate-6902-in-october

China wirerod SMM Copper

shared by Matthew Wonnacott on 12 Nov 12 - No Cached
  • Matthew Wonnacott on 12 Nov 12
     
    A Shanghai Metals Market survey of Chinese wirerod producers showed that operating rates at 21 domestic producers, with capacity of 3.5Mt/y, fell to 69.02% in October, a decrease of 2.33% m-o-m, and 14.4% y-o-y. The report cited the extended October national day holiday and maintenance at one large domestic wirerod producer as reasons for the decline. The release also showed that wirerod producers held lower raw materials stocks in October at 16.02% of production, down from 17.21% of production in September. Finally producers' inventories of finished goods increased to 15.80% of production in October from 5.58% of production in September as the above-mentioned large wirerod producer increased stocks prior to its maintenance shutdown.
Matthew Wonnacott

November utilisation up at Chinese wire and cable producers - 0 views

en.smm.cn/...s-to-highest-level-in-november

Copper China wire cable utilisation

shared by Matthew Wonnacott on 06 Dec 12 - No Cached
  • Matthew Wonnacott on 06 Dec 12
     
    A recent survey by the Shanghai Metals Market of 20 major Chinese wire and cable producers, with a total capacity of 1.007Mt/y, showed that operating rates in November hit an annual high of 79.37%, up 3.97% m-o-m. The reading showed a strong rebound from October but remains well below levels seen in 2011, when utilisation rates hit a high of 92.10%. The healthiest utilisation rates in the sector were for large producers (> 50,000t/y), whose rate was at 83.31% in November, well above small producers (<20,000t/y), whose reported utilisation rate was just 56.80%. Both large and small producers reported low raw materials stock levels at between 19% and 21% of production.
Matthew Wonnacott

Operating rates fall at electrical wire and cable makers - 0 views

www.metal.com/...-operating-rate-falls-to-48.46

Copper trends China cable wire SMM

shared by Matthew Wonnacott on 04 Mar 13 - No Cached
  • Matthew Wonnacott on 04 Mar 13
     
    According to a February survey from the Shanghai Metals Market, the operating rate at 21 major Chinese electrical wire and cable makers fell to 48.5%, a 21 percentage point fall from January. The drop in utilisation rate was the result of the Chinese New Year celebrations which fell in February this year. Operating rates are expected to rebound in March as cable makers increase production to fill contracts from China's State Grid Corporation. The survey also revealed that raw materials stocks rose by 15.3 percentage points in February to 49.8% of production in February.
Matthew Wonnacott

Wirerod production slows during February - 0 views

www.metal.com/...-operating-rate-falls-to-57.77

copper trends China cable wire wirerod

shared by Matthew Wonnacott on 11 Mar 13 - No Cached
  • Matthew Wonnacott on 11 Mar 13
     
    A recent survey by the Shanghai Metals Market of 21 major Chinese copper wirerod producers, with a total capacity of 3.4Mt/y, showed that operating rates in February fell to 57.8% as facilities slowed production during the Chinese New Year holiday. Wirerod producers reduced output as downstream demand from cable makers was weak in February, according to an SMM report with the survey. Many migrant workers return to their homes during the period, forcing factories to shut or reduce working hours. The SMM survey also revealed that producer's inventories of raw materials for the production of wirerod had increased to 22.6% of production in February, up 7.3 percentage points from January.
Matthew Wonnacott

Flat-rolled production slows during Chinese New Year - 0 views

www.metal.com/...sheet-strip-and-foil-producers

trends copper China SMM PSSF

shared by Matthew Wonnacott on 19 Mar 13 - No Cached
  • Matthew Wonnacott on 19 Mar 13
     
    A recent survey by the Shanghai Metals Market of 21 major Chinese copper plate, sheet, strip and foil producers, with a total capacity of 966,200t/y, showed that operating rates in February fell to 42%, as factories shut for the Chinese New Year holiday. Copper flat-rolled producers closed facilities as migrant workers returned to their homes and did not come back to work until after the lantern festival in late February. Survey participants were reporting better levels of demand post holiday as end-users such as the automotive industry and the lithium ion battery industry increased production. Survey participants expect utilisation to increase to around 60% in March.
Matthew Wonnacott

Utilisation rates at Chinese tube producers up in November - 0 views

en.smm.cn/...ing-rate-increases-in-november

trends China tube SMM Copper

shared by Matthew Wonnacott on 17 Dec 12 - No Cached
  • Matthew Wonnacott on 17 Dec 12
     
    A recent survey by the Shanghai Metals Market of 21 major Chinese copper tube producers, with a total capacity of 1.24Mt/y, showed that operating rates in November rebounded to 71.12%, up 9 percentage points from October. The survey suggested that the bounce came as a result of weak production in October, rather than a particularly strong November. The commentary released with the survey stated that inventories of air conditioners, a major end use of copper tube, had declined to a historical low of 6.89M units in November. The survey also revealed that producer's inventories of raw materials had fallen in November to 15.7% of production, down 2.28 percentage points from October.
Matthew Wonnacott

Utilisation rates at Chinese electrical wire producers seen down in December - 1 views

en.smm.cn/...-rate-down-to-7659-in-december

Copper China wire SMM survey

shared by Matthew Wonnacott on 31 Dec 12 - No Cached
  • Matthew Wonnacott on 31 Dec 12
     
    A survey by the Shanghai Metals Market of 20 major Chinese electric wire and cable producers, with total capacity of 978,000t/y, showed that the average operating rate fell to 76.59% in December, down 2.8 percentage points from November. The survey cited the falling temperatures in Northern China as dampening the demand for electrical wire for use in new infrastructure. The survey also reported that raw materials inventories at Chinese electrical wire producers had increased by 4.24 percentage points from November to 25.12% of production, stating that the fall in copper prices in December had tempted producers to increase stocks.
Matthew Wonnacott

Chinese tube producers had a stronger finish to 2012 - 0 views

en.smm.cn/...-increases-to-7341-in-december

Copper trends China tube SMM utilisation

shared by Matthew Wonnacott on 30 Jan 13 - No Cached
  • Matthew Wonnacott on 30 Jan 13
     
    A recent survey by the Shanghai Metals Market of 20 major Chinese copper tube producers, with a total capacity of 1.2Mt/y, showed that operating rates in December increased to 73.41%, up 2.29 percentage points from November. The survey cited increased production in China's air conditioner sector as a reason for the uptick in utilisation rates at tube producers. The release highlighted a separate survey of air conditioner manufacturers, which showed a pattern of inventory restocking, with finished inventories increasing for four straight months. The SMM survey also revealed that producer's inventories of raw materials for the production of copper tube had fallen to 12.78% of production in December, down 2.92 percentage points from November. The reason given was tighter credit conditions at the end of 2012.
Matthew Wonnacott

Chinese wire and cable producers restock before Chinese New Year - 0 views

www.metal.com/...g-rate-down-to-6973-in-january

Copper trends China SMM cable wire

shared by Matthew Wonnacott on 04 Feb 13 - No Cached
  • Matthew Wonnacott on 04 Feb 13
     
    A recent survey by the Shanghai Metals Market of 21 major Chinese electrical wire and cable producers, with a total capacity of 990,000t/y, showed that operating rates in January decreased to 69.73%, down 6.86 percentage points from December. The survey cited a lull in major contracts for power cables prior to Chinese New Year as the reason for sluggish demand. However, stabilisation in the demand for enamelled wire was noted in January, whilst demand for electrical wire was estimated to have picked up. The SMM survey revealed that producer's inventories of raw materials had picked up prior to the Chinese New Year Holiday, with producer's raw materials holdings as a percentage of production up 9.46 percentage points since December, to 34.58%. The survey suggested easier cash flows and expectations of future copper price rises were reasons for the increase.
Matthew Wonnacott

Chinese January unwrought copper imports tick up - 0 views

www.metal.com/...ts-around-350000-mt-in-january

Copper trends China imports

shared by Matthew Wonnacott on 19 Feb 13 - No Cached
  • Matthew Wonnacott on 19 Feb 13
     
    According to data from China Customs, Chinese imports of unwrought copper rose slightly in January to 350,958t, a 2.9% m-o-m increase from 341,211t in December. According to a report from the Shanghai Metals Market, the slight improvement in the arbitrage between Chinese domestic prices, and LME prices, may have been responsible for the increase in imports. The report also said that some semis manufacturers have become more confident about the business environment and may increase consumption in the future.
Matthew Wonnacott

CRU analyst sees Chinese consolidation and substitution weighing on demand - 0 views

Platts

trends copper China substitution

shared by Matthew Wonnacott on 12 Dec 12 - No Cached
  • Matthew Wonnacott on 12 Dec 12
     
    An official from SDI La Farga LLC's said on 11th December that the company is producing limited amounts of wirerod at its new US $39M plant in New Haven, Indiana. The new facility, a joint venture between Spain's La Farga Group and Steel Dynamics Inc, produces wirerod from number 2 scrap copper rather than cathode. The company official said "we've produced quality rod and are in the process of getting approval of customers and we have done so with several customers." He added that plant officials are "waiting for more customer orders to start producing more".
  • ...3 more comments...
  • Matthew Wonnacott on 07 Jan 13
     
    According to a US-based cathode seller, US downstream users of copper cathode are hesitant to sign long-term contracts in 2013, believing that there will be sufficient cathode available on the market for last-minute purchases. The report also cited a downstream user as saying that he believes that absent of transport costs, premiums on annual contracts might have been lower in 2013 compared to 2012. However, the report cited the downstream user as saying he preferred to take cathode from merchants due to the "more lenient" payment terms, whereby he received 10-30 days net credit on annual deals, as opposed to cash-on-payment for spot deals.
  • Matthew Wonnacott on 09 Jan 13
     
    Quanshun copper announced on 8th December that it has begun production at its new 100,000t/y semis plant in Xinxiang City, Henan province. The new facility is capable of producing 50,000t/y of oxygen-free copper wirerod, 20,000t/y of copper bar, 10,000t/y of transposed conductors (copper strips) and 10,000t/y of other specialist copper semis for the electronics industry. The new production capacity, which was built at a cost of RMB700M (USD112M), is aimed at serving the Chinese domestic market, however, a source at the company did not rule out exporting in the coming years.
  • Matthew Wonnacott on 01 Mar 13
     
    According to an official from the Delixi group, the company plans to build a new 400,000t/y copper wirerod plant in Zhangpu town, Jiangsu province. The total investment in the new plant will be around RMB3.6bn (US$573M), although the official declined to disclose the timeline for the project. According to the company's website, it specialises in the manufacturing of electric power transmission and distribution appliances.
  • Matthew Wonnacott on 27 Mar 13
     
    Anhui Jincheng, the Shanghai-listed producer of copper PSSF, said on 26th March that it produced 93,872t of copper PSSF in 2012, a 13% y-o-y increase from 2011. Despite the increase in output, the company made a net loss of RMB57M in 2012 from a profit of RMB24M in 2011 (loss of US$9M from a profit of US$3.8M). Remarking on the results the company said that "uncertainties in the global economy, the euro debt crisis, plus the weak Chinese economy, has negatively impacted demand by the downstream processing sector last year."
  • Matthew Wonnacott on 12 Apr 13
     
    Talking at the annual CESCO/CRU World Copper Conference, CRU Principal Consultant Vivienne Lloyd said that up to 2Mt of copper demand could be lost over the next five years due to substitution and consolidation amongst Chinese semis producers. Lloyd said that the areas under the greatest threat from substitution are the automotive wiring harness sector and the HVAC sector. However, CRU believes that the aluminium/copper price ratio is likely to have peaked in 2012 at around 4:1, and will fall back gradually to 2017 reaching 3:1, which should relieve some of the substitution pressures.
Piotr Ortonowski

China - Copper semis consumption to be affected by home appliance subsidy removal - 0 views

www.antaike.com/...shownews.asp

copper trends China

shared by Piotr Ortonowski on 20 Dec 11 - No Cached
  • Piotr Ortonowski on 20 Dec 11
     
    The Chinese government announced that it will terminate its old-for-new home appliances subsidy scheme on 31st December 2011. The subsidy, which was introduced on 1st June, provides consumers in Beijing, Shanghai, Tianjin, Fuzhou, Changsha and the provinces of Jiangsu, Zhejiang, Shandong, and Guangdong with a 10% discount on a selected group of appliances. These include televisions, refrigerators, washing machines, air-conditioners and computers. All of these appliances are major end use segments for copper semis products.
Piotr Ortonowski

China - Jiangsu Zhongchao Cable to procure a 51% stake in three of its competitors - 0 views

www.capitalvue.com/...5047823

trends cable copper China wire energy

shared by Piotr Ortonowski on 06 Jan 12 - No Cached
  • Piotr Ortonowski on 06 Jan 12
     
    Power cable producer Jiangsu Zhongchao Cable plans to acquire three industry peers through a private placement, reports claim. Zhongchao Cable plans to issue a maximum of 68 million shares at not less than RMB13.43 (US$2.10) per share in order to raise a maximum of RMB900M (US$142.M) to acquire 51% stakes in Yufang Cable, Mingzhu Cable and Xizhou Magnet Wires, and to set up an operations centre in Shanghai. According to the filing, controlling shareholder, Jiangsu Zhongchao Group, plans to spend between RMB100M and RMB300M (US$15.9M and US$47.6M) for the private placement.
Piotr Ortonowski

Brazil - Anti-dumping investigation into Chinese copper tube imports - 0 views

www.amm.com

copper tube China

shared by Piotr Ortonowski on 17 Nov 11 - Cached
  • Piotr Ortonowski on 17 Nov 11
     
    It was reported that Brazil's trade protection authority launched an investigation into the dumping of Chinese copper tube, which is equal or less than 108mm, on the Brazilian market. Two of the firms involved in the practice include Shanghai Hailiang Copper and its subsidiary, Zhejiang Hailiang. Both firms are reported to have achieved a turnover of RMB310M in exports to Brazil during the first three quarters of 2011. The China Hailiang Group announced that it will continue to export copper tube to Brazil, but through a subsidiary in Vietnam in order to avoid further anti-dumping allegations.
James Wright

China - Downstream processors of copper in China enjoy rising utilisation rates in August - 2 views

www.brecorder.com/...80529.html

Copper China August SMM NBS 2012 wire mill cablemaker wirerod utilisation operating rate

shared by James Wright on 24 Sep 12 - No Cached
  • James Wright on 24 Sep 12
     
    Shanghai Metals Market (SMM) reported that the average operating rates of copper cablemakers in China rose by 10 percentage points to reach 78.7% in August. Newly tendered contracts from the State Grid Corporation of China during July and August led to the production increase. Figures from the National Bureau of Statistics also indicate that cable output rose by 2.5% m-o-m to 3.53M km in August. In addition to this, an August survey of Chinese copper wirerod fabricators by SMM showed a 2 percentage point increase in the industry's average utilisation rate from the previous month, reaching 75%.
Colin Bennett

Freeport, Codelco see scrap as swing factor for copper supply - 0 views

www.metalbulletin.com/...-factor-for-copper-supply.html

trends copper FMI Codelco

shared by Colin Bennett on 26 Nov 13 - No Cached
  • The consensus among analysts is that the copper market could show a surplus of about 200,000-300,000 tonnes in 2014, after recording a narrower surplus this year. In the context of the 21 million-tonne refined copper market, the surplus is relatively modest, and it&nbsp;could be offset quickly if there is a further deterioration in the supply of scrap, Freeport McMoRan svp of sales and marketing Javier Targhetta told Metal Bulletin in Shanghai.
Colin Bennett

Cable producers in China see risks ahead - 0 views

www.metalbulletin.com/...-in-China-see-risks-ahead.html

trends copper cable China demand

shared by Colin Bennett on 04 Dec 13 - No Cached
  • While large-scale producers which supply a lot of material to China’s electricity grid are the most confident, smaller and medium-sized producers more dependent on the construction sector were more uncertain when surveyed at a recent industry meeting in Shanghai.
Colin Bennett

ABB completes world's most powerful transmission link in China - 0 views

www.ecoseed.org/...ful-transmission-link-in-China

trends copper ultra high voltage

shared by Colin Bennett on 06 Aug 10 - Cached
  • Swiss-Swedish multinational corporation ABB Ltd has commissioned a $440 million transmission link in China, which is said to be the world’s longest and most powerful transmission cable. The Xiangjiaba-Shanghai project was completed in a record time of 30 months, a year ahead of schedule. The project is the first ultra high-voltage direct current transmission link in the world to start commercial operations.
Colin Bennett

Southern Copper optimistic on growing copper demand - 0 views

www.steelguru.com/...158475.html

trends Southern Copper

shared by Colin Bennett on 03 Aug 10 - Cached
  • He said that during Q2, global copper demand was up 4.8% QoQ thanks to demand from emerging economies led by China and a recovery in physical consumption in the US and Europe. During the Q2 of this year, US and European demand for fine copper increased by 22% and 4% respectively when compared to the Q1 of this year. These are very positive developments that support our conviction of higher physical demand from now on. In addition, copper production has not grown at the same rate as demand which will further support prices for the red metal. He added that a clear sign of this is the consistent reduction of the combined copper inventories of the London Metal Exchange, COMEX and Shanghai warehouses. At their latest peak in February this year combined inventories were 815,000t." According to Chilean state copper commission Cochilco's weekly report, global stocks stood at 609,478 tonnes.
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