The copper prices rebounded last week, and downstream orders slowed down compared with the previous week. According to SMM survey, after the copper price fell in May, cable companies actively scheduled production, especially the operating rate of large cable companies remained high.
However, concerns about the continued strength of consumption have increased. At present, although civilian real estate, engineering and other ports have recovered in May, the increase in consumption was still limited, far below the level of the same period in previous years. Entering June, it is still difficult to see an increase in real estate demand. Although there will be concentrated deliveries to the State Grid, cable companies may have completed part of the production plan ahead of schedule.
The demand for new energy is still strong. New energy power generation projects such as solar power and wind power are still the key areas of national investment. Under the low-carbon background, the demand for cables in the domestic photovoltaic and wind power industries has grown considerably.
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