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Title :
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Japanese copper cable shipments in June up by 5pctYoY
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Date :
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7/26/2010
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Time :
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8:59:45
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CategoryTitle :
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All Parent
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Links : :
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Reuters reported that Japanese copper wire and cable shipments in June rose 5% from a year earlier to an estimated 56,100 tonnes reflecting firming demand.
Data from the Japanese Electric Wire and Cable Makers' Association showed that it was up 12.9% from 49,708 tonnes in May. Shipments have been recovering gradually since January 2009 when demand for copper, used extensively in utensils, construction materials and computer chips and often seen as a measure of economic activity, plunged as automakers cut output to cope with the economic crisis.
Demand has now recovered to around 80% of pre crisis levels mainly due to brisk domestic demand in electronics and automobile sectors and in China, but persistent deflationary pressure in Japan and sluggishness in the construction sector, a major consumer of the metal, keep the outlook uncertain.
There is also risk that demand in China, the world's top copper consumer and producer, may slow in the October to March H2 of fiscal 2010 to 2011.
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