No Significant Improvement in Industry Demand, Operating Rates Remained at Low Levels [SMM Enamelled Wire Market Weekly Review]

This week (5.22-5.28), the enamelled wire industry's machine utilization rate edged up 0.4 percentage points WoW to 74.33%, while weekly order intake pulled back 0.67% WoW. During the week, copper prices remained elevated, downstream purchasing sentiment was cautious, and the pace of order release slowed down. However, enterprises maintained a normal production pace, and coupled with moderate cargo pick-up performance, the industry's finished product days of inventories pulled back to 9.48 days. End-use demand side, the home appliance sector remained weak, and the industry as a whole was gradually entering the off-season. Rigid demand lacked fresh support, and market trading activity remained mediocre. Overall, the enamelled wire industry is currently under the dual impact of copper price fluctuations and end-user off-season, with no clear recovery signal in demand for the time being. The enamelled wire industry's machine utilization rate is expected to be 74.00% next week.