Orders continued to pick up across copper processing enterprises amid lower copper prices_SMM
Operating rates did not rise sharply as higher costs driven by copper price gains post-CNY holidays shrank profits. Companies reported limited new orders even as copper prices continued to fall last week. New engineering projects have been low post-CNY holidays, while some of the enterprises remaining in operations were ending construction of projects scheduled for the end of last year, lowering purchases of cables significantly. However, with the stability of copper prices and the increase in engineering projects in late March, operating rates at cable companies are expected to recover to aro...
Source: metal.com