Enamelled Wire Operating Rate Pulls Back as Expected in May

Published: Jun 9, 2026 14:45

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According to SMM, in May, constrained by multiple factors such as the Labour Day holiday disruption, weak demand from home appliances, and copper prices fluctuating at highs, the operating rate of the enamelled wire industry pulled back 3 percentage points MoM. Currently, structural divergence on the demand side continues. Rigid demand from the new energy and power sectors remains steady, providing bottom support for the industry. However, the home appliance sector remains persistently weak, traditional end-user segments lack incremental rigid demand, and downstream end-users are highly sensitive to copper prices. Copper price fluctuations suppress purchase willingness, further dragging on order growth.

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