Market Chatter: Air Conditioner Manufacturers Absorb Higher Copper Costs to Maintain Sales in China

MT Newswires Live05-30

Chinese air conditioner manufacturers will likely absorb the higher copper prices this year to maintain sales as they face high inventories and low demand, Yicai Global reported Wednesday.

Prices of copper, an essential metal in air conditioners, have risen 30% since the start of the year. According to Long Fei, an analyst at ChinaIOL.com, the current inventory available may be as high as 50 million units, the report said.

Analysts expect smaller and medium-sized enterprises will be at greater risk in the current situation, especially if the excessive supply remains in the second half of the year, the newswire added.

In late March, companies such as Gree Electric Appliances (SHE:000651), Midea Group (SHE:000333), and Haier Smart Home (HKG:6690), said they would trade futures contracts to hedge against price fluctuations of raw materials, including copper, the publication added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

1

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2439547697?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-30 17:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2439547697","market":"us","top_or_hot":-1,"title":"Market Chatter: Air Conditioner Manufacturers Absorb Higher Copper Costs to Maintain Sales in China","media":"MT Newswires Live","content":"<html><body><p> Chinese air conditioner manufacturers will likely absorb the higher copper prices this year to maintain sales as they face high inventories and low demand, Yicai Global reported Wednesday.</p><p>Prices of copper, an essential metal in air conditioners, have risen 30% since the start of the year. According to Long Fei, an analyst at ChinaIOL.com, the current inventory available may be as high as 50 million units, the report said.</p><p>Analysts expect smaller and medium-sized enterprises will be at greater risk in the current situation, especially if the excessive supply remains in the second half of the year, the newswire added.</p><p>In late March, companies such as Gree Electric Appliances (SHE:000651), Midea Group (SHE:000333), and Haier Smart Home (HKG:6690), said they would trade futures contracts to hedge against price fluctuations of raw materials, including copper, the publication added.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Air Conditioner Manufacturers Absorb Higher Copper Costs to Maintain Sales in China</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Air Conditioner Manufacturers Absorb Higher Copper Costs to Maintain Sales in China\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese air conditioner manufacturers will likely absorb the higher copper prices this year to maintain sales as they face high inventories and low demand, Yicai Global reported Wednesday.Prices of ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIRI","symbol_name":"Air Industries Group","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2439547697","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2439547697","pubTimestamp":1717059672,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Chinese air conditioner manufacturers will likely absorb the higher copper prices this year to maintain sales as they face high inventories and low demand, Yicai Global reported Wednesday.Prices of copper, an essential metal in air conditioners, have risen 30% since the start of the year. According to Long Fei, an analyst at ChinaIOL.com, the current inventory available may be as high as 50 million units, the report said.Analysts expect smaller and medium-sized enterprises will be at greater risk in the current situation, especially if the excessive supply remains in the second half of the year, the newswire added.In late March, companies such as Gree Electric Appliances , Midea Group , and Haier Smart Home , said they would trade futures contracts to hedge against price fluctuations of raw materials, including copper, the publication added.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AIRI":"Air Industries Group","06690":"海尔智家","000333":"美的集团"},"translate_title":"市场传言：空调制造商吸收更高的铜成本来维持在中国的销售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIRI":1,"000333":0.9,"06690":0.9},"content_text":"Chinese air conditioner manufacturers will likely absorb the higher copper prices this year to maintain sales as they face high inventories and low demand, Yicai Global reported Wednesday.Prices of copper, an essential metal in air conditioners, have risen 30% since the start of the year. According to Long Fei, an analyst at ChinaIOL.com, the current inventory available may be as high as 50 million units, the report said.Analysts expect smaller and medium-sized enterprises will be at greater risk in the current situation, especially if the excessive supply remains in the second half of the year, the newswire added.In late March, companies such as Gree Electric Appliances (SHE:000651), Midea Group (SHE:000333), and Haier Smart Home (HKG:6690), said they would trade futures contracts to hedge against price fluctuations of raw materials, including copper, the publication added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2439547697"}