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Development of wire and cable industry will drive the demand for copper
Date:2014-05-12    CopyFrom:    

China's wire and cable industry after 50 years of construction, especially the rapid development in the past 20 years since the reform and opening up, has occupied a very important position in the national economy, is the second largest industry machinery industry after industry, after the America in the world, become the world's second largest cable producer.

From the current structure of Chinese demand for copper, electric power industry accounts for the largest share, more than 50%, mainly used in wire and cable, transformer, switch, connector etc.. The demand for copper wire and cable accounted for more than 90% of the electric power industry. Therefore, the development of wire and cable industry will undoubtedly affect the demand and price of copper. According to statistics, in 2004 China's cable industry total copper amount is about about 1700000 tons, is expected in 2005 will reach 2000000 tons.

Wire and cable industry is the supporting industry, and its speed of development and the development of the national economy is closely related to, but also the development and main industry is closely related to the development of the main consumer industries, will be the following cable brings opportunities to the development of wire and cable.

With the end of rural power network reconstruction project, our country will enter the main grid, city power grid construction peak. In addition, the power transmission from west to East, hydropower station, power station construction and telecom industry development, will bring opportunities for wire and cable. According to the preliminary analysis, the total investment of power grid in China "eleven five" period will reach 1.2 yuan, which will add 330000 kV and above transmission lines 60000 kilometers.

In early twenty-first Century to become one of the pillar industries in China's construction industry will also bring development opportunities to the wire and cable industry. The 2008 Beijing Olympic Games and 2010 Shanghai World Expo will be the two major turning point. According to statistics, before 2008, Beijing will build 32 competition venues, the construction area of 2430000 square meters, need to wire and cable 223000000, copper demand reached 2300 tons. In addition, there are 59 need to build training venues, hotels, a conservative estimate, the service to the Olympic venues cable volume will reach 685000000, copper consumption will reach 7000 tons. Preliminary estimates, the copper quantity of the 2010 Shanghai World Expo will be more than the Beijing Olympic games.

As the development of new economic growth point of China's automobile industry will drive the cable industry. In 2004 Chinese car production reached 5070000 units, is expected in 2005 car production will be about 5800000 units. According to the average per vehicle wire 1500 yuan calculation, this year the automobile wire will reach nearly 9000000000, according to each car wire with copper wire of 22.5kg calculation, in 2005 the entire automotive industry oxygen free copper consumption will reach about 130000 tons.

Wire and cable industry will usher in a new period of development, which will drive demand for copper, on the formation of copper support. The eight party electric group general manager Mr. Sun Yaoming optimistic about the prospects for the development of wire and cable industry, he predicted that by March of next year, wire and cable industry will start to recover, which will lead to rising copper prices.


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