SMM Copper Wire and Cable Operating Rate Drops to 63.23% This Week, Down 20.26 Ppts YoY

Published: May 8, 2026 11:27

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[SMM Copper Wire and Cable Operating Rate] This week (May 1–May 7), SMM copper wire and cable enterprise operating rate was recorded at 63.23%, down 2.67 percentage points WoW and down 20.26 percentage points YoY. The decline was mainly dragged down by production cuts and adjusted shutdowns at some enterprises during the Labour Day holiday. Notably, during the same period last year, a concentrated PV installation rush combined with a sharp drop in copper prices boosted demand, resulting in a higher base for operating rates, making this year's YoY performance relatively weak.

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