Latest Market Trends in the Copper Enamelled Wire Industry: Production Continues During Holidays VS Three Consecutive Declines in Orders!

As the National Day holiday approaches, enamelled wire enterprises have completed their production plans and holiday arrangements for the holiday period. SMM has inquired about and compiled the holiday production arrangements of some enamelled wire enterprises. Below are the holiday arrangements of some enterprises:

As the Labour Day holiday approaches, enamelled wire enterprises have completed raw material stocking this week based on their orders. During the holiday, enamelled wire enterprises will continue to make normal shipments, but their production plans will vary. According to feedback from enterprises, most enamelled wire enterprises, like in previous years, will continue production during the holiday. However, they will conduct maintenance on their equipment based on their own orders, reducing the operating rate of machines.

In terms of orders, according to SMM data, the weekly increase in new orders after the Qingming Festival was as high as 37.76%, but the weekly order volume has shown a decline for three consecutive weeks since mid-month. Recently, the Sino-US tariff dispute and its impact on the enamelled wire industry have expanded. Enterprises have reported that orders for end-user home appliances, power tools, and other products exported to the US have been cancelled, which has led to a decline in enamelled wire orders through layered transmission. As of the last week of April, the orders on hand for some enamelled wire enterprises could no longer support high operating rates. The enamelled wire industry has seen a trend of increasing finished product inventories and decreasing operating rates. It is expected that the impact of the tariff dispute on orders in the enamelled wire industry will continue to manifest. With the approaching off-season for the industry, there are pessimistic expectations for enamelled wire industry orders in May.