Copper Price Fluctuations Constrain Order Release, Dragon Boat Festival Holiday Disrupts Next Week's Startup [SMM Enamelled Wire Market Weekly Review]

Published: Jun 18, 2026 09:59

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During the week of June 12-18, the operating rate of enamelled wire industry machines rebounded WoW...

This week (6.12-6.18), the enamelled wire industry’s machine operating rate pulled back 1.20 percentage points WoW to 76.13%, and weekly order intake slipped 1.25% WoW. Orders diverged during the week: early in the week, copper prices were low, downstream restocking willingness was strong, and order-taking improved; within the week, the center of copper prices rose, fueling a wait-and-see sentiment for procurement, and orders dropped noticeably toward the weekend. Overall, the industry’s demand was clearly constrained by copper price fluctuations. Some enterprises proactively scaled back production schedules to mitigate inventory risk, and coupled with a faster pace of downstream cargo pick-up in the prior period, finished product days of inventories pulled back to 8.91 days this week. On the end-use demand side, the new energy segment was notably strong, industrial motor demand remained steady, and the home appliance sector continued its off-season, with the industry’s overall seasonal weakening trend clearly defined. With the Dragon Boat Festival holiday approaching, most enterprises maintained normal production with moderate stockpiling; only a few individual enterprises planned to halt production for two days. SMM expects that next week the enamelled wire industry’s machine operating rate will pull back to 75.07%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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