Operating rates at aluminum wire and cable producers in China averaged 74.19% in March, 1.45 percentage points higher than February, according to a survey by Shanghai Metals Market (SMM).
SHANGHAI, April 10 (SMM) – Operating rates at aluminum wire and cable producers in China averaged 74.19% in July, 1.45 percentage points higher than February, according to a survey by Shanghai Metals Market (SMM). This is driven by an increase in raw material inventories and order books brought by growing investment in power grid construction.
Investment in power grid construction in China hit 28.7 billion yuan in February, up 4.1% year-on-year. YTD investment through July totaled 194.7 billion yuan, up 17.3% from a year ago. 3,095 kilometers of transmission line (≥220 KV) was constructed in February, down 6.6% year-on-year, compared with 23,586 kilometers through the first seven months, up 15.1% from a year earlier, data from the China Electricity Council (CEC) showed.
State Grid Corporation of China (SGCC) initiated its fourth bid invitation this year for special conductor and regular ground wire on February 19. This includes regular conductor (≥330 KV), regular conductor (35-110 KV) as well as ground wire for Zhebei-Fuzhou UHV AC power transmission and transformation project.
The procurement volumes from SGCC dropped, while the number of bidders increased, causing bidders to obtain fewer orders from SGCC.
Slower payment from SGCC compounded liquidity crunch as wire and cable producers, forcing some smaller ones to tender for infrastructure projects from local governments.
Hengfei Cable Co., Ltd. as a large comprehensive manufacturer of wire
and cable in China, it is National Torch Plan Key High-tech Enterprises
and Advanced Enterprise in Hunan Province. The company have two
production plants in Changsha and Hengyang now, and get ISO9001,
ISO14001, OHSAS18001, GJB9001B and IRIS certification.
Hengfei Cable specializing in the production of aerial wire, power cable, ABC cable, control cable, computer cable, electrical wire and cable, housing wire, LSZH wire and cable, mineral insulated cable, aluminum alloy cable, prefab branch cable, rail transit cable, solar photovoltaic cable, wind power cable, electric vehicle charging cable, rubber cable, mining cable, marine cable, rail transit vehicle cable, submersible pump cable, oil platform cable, silicon rubber cable, flat cable, military special cable and various series of wire and cable. The products have passed CCC, CQC, MA, CRCC, CE, VDE, DEKRA, TUV, CCS, LR, ABS, BV, RoHS and other certification.