Japanese Copper Wire and Cable Shipments Up

Commodity Online  reports that Japanese Copper wire and cable shipments saw a 2.9% YoY rise in December, the Japanese Electric Wire & Cable Makers’ Association stated. December shipments were at 58,400 tonnes, marginally down from 60,429 tonnes in November.

2011 shipments totalled 680,600 tonnes, a marginal decrease from 680,941 tonnes in 2010.

The increased December shipments were driven by strong demand from automobile and construction sectors. Deliveries to the auto industry rose by about 21% for the month to 6800 tonnes while construction demand increased by 4.3% to 26,400 tonnes.

Power, electric and exports industry demand showed a decline. Orders from utilities hit a 35 year low, primarily on these sectors cutting back on spending as a result of the Fukushima nuclear issue.