Operating rates remained normal this week, and the status will drop to [SMM Enamelled Wire Market Weekly Review] next week during the Chinese New Year holiday.

       This week (1.30-2.5), the operating rate of the enamelled wire industry rose 0.47 percentage points WoW to 83.8%. Approaching the Chinese New Year holiday, although new orders in the industry pulled back 3.55 percentage points WoW, supported by concentrated orders placed last week, coupled with continued improvement in orders from end-user home appliance clients and tight production schedules for enterprises' pending orders, most enterprises maintained a normal production pace. Inventory side, affected by both enterprises' proactive inventory control ahead of the holiday and the accelerated pace of downstream cargo pick-up, finished product inventories in the industry continued to decrease this week to 7.58 days. As the Chinese New Year holiday approaches, starting next Wednesday, enterprises in the industry will gradually suspend operations for the holiday, and the operating rate is expected to pull back to 72.93%.