The operating rates are estimated to average 88.92% in June, down 0.74 percentage point month on month, but up 13.94 percentage points year on year.
In June, the increase in consumption from real estate sectors was still limited. There will be concentrated deliveries to the State Grid in June, though. With regard to the clean energy industry, the demand remains robust. Cumulative investment in China's power supply projects from January to April was 180.2 billion yuan, a cumulative increase of 53.6% year-on-year.
The installed capacity of wind power and solar power generation increased by 12.2% and 36.6% year-on-year to 380 million KW and 440 million KW, respectively. Under the low-carbon background, the demand for cables in the domestic photovoltaic and wind power industries has grown considerably. It is expected that the operating rates of copper wire and cable industry in June will slow down significantly month-on-month due to the growth in new orders in May when copper prices fell and the lack of bright spots of power consumption. Note: The survey covers 40 producers with a total production capacity of 3.11 million mt/year.
