GREY:NEVDQ - Post by User
Post by
Investoraceon Apr 22, 2016 3:37pm
43 Views
Post# 24800415
Copper and China
Copper and China Hey Krud...make sure you take care of the blisters on your right hand maybe switch it up once an a while....You are a waste of space take a hike!!!!
Our latest China copper survey pointed to a better demand picture: Orders from downstream industries increased clearly for both copper fabricators and traders, led by the power and white goods sector, fabricators lifted their capacity utilisation rate and sentiment over the industry chain remains positive. However end-user demand improvement has not yet fully fed into smelter orders, which were mixed and fabricator operating rates are still lower than same period last year. We also noticed traders reported sustained copper financing activity and export orders for certain larger smelters gained. End-user orders picked up strongly MoM for the second month: Copper fabricators in our survey reported clear growth in their sales over the last month, including both wire/cable producers and plate/pipe producers, and the MoM expansion was even stronger than last April. By sector we saw continued positive growth from the power and white goods sectors, while machinery and construction continued to lag. Unlike steel where demand from the construction sector outperformed others, for copper the lack of demand driver from this sector could be due to a soft floor space completion in the property sector, given copper is mainly used in the mid and late periods of construction. According to the latest NBS data, 1Q China completed floor area (real estate) increased by 17.7% YoY, but all the growth happened in the first two months and March completed floor space declined by 1.9% YoY with a volume even lower than the Jan-Feb average.