Enameled Wire Consumption Outlook: Off-Season Lull or Prelude to Peak Season Demand?

Published: Sep 6, 2024 14:25

Save

As an important raw material in the fields of motors, transformers, electronic equipment, etc., the consumption peak season of enameled wire is closely related to the production demand of downstream industries. According to SMM, the current time is the off-season for the enameled wire industry, and its operating rate has been declining for several consecutive months. After the low point in July and August, how is the consumption in September? When will the peak season of the industry appear?

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

58 mins ago

Inventory Hit a New Low for the Year with Premiums Staying High, but Beware of Weakening Consumption Dragging Down Premiums [SMM South China Copper Cathode Spot Weekly Review]

58 mins ago

1 hour ago

Inventory and Copper Prices Both Declined, Spot Trades Better Than Yesterday [SMM South China Spot Copper]

1 hour ago

Shanghai Copper Market to Stay Strong Amid Tight Supply and Rigid Demand

The Shanghai spot copper market is expected to remain relatively strong tomorrow. In Jiangsu, available spot cargo remains tight, making procurement difficult for some downstream buyers and supporting spot premiums. The inter-month Contango spread has widened, strengthening suppliers' willingness to hold positions for delivery and reducing lower-price selling. Despite cautious downstream buying after the recent price pullback, rigid restocking demand persists. Overall, spot premiums against SHFE copper 2604 are expected to hold current levels.

1 hour ago