Hebei aluminum wire and cable enterprises in semi-shutdown state

Published: Jun 18, 2025 13:22

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According to SMM, wire and cable enterprises in Hebei reported being in a semi-shutdown state, with the industry's operating rate showing weakness and market consumption momentum being insufficient. This weak performance is mainly attributed to two factors: Firstly, the State Grid has just undergone a round of centralized delivery cycles. Although enterprises have sufficient orders on hand, new orders have not yet been matched in a timely manner. Secondly, the current spot aluminum prices are at a high level, while the bid prices offered by enterprises in the early stage are significantly lower than the current prices, resulting in a significant inversion. This has severely compressed profit margins, leading to low purchase willingness for raw materials and insufficient motivation for enterprises to operate and build up finished product inventories.

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