Wire and cable Companies Stepped Up Production At The End Of Last Week

Published: May 15, 2023 17:03

Source: SMM

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Last week, wire and cable companies maintained normal production before stepping up production at the end of the week when copper prices dropped.

SMM survey showed that the precipitous drop in copper prices incentivised some downstream buyers to place orders. One large cable factory said that their orders improved noticeably last week.

However, in May, the demand from real estate sector and the State Grid was not strong, denting orders at wire and cable plants. Continuously falling copper prices have kept downstream buyers cautious.

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