According to SMM, affected by weaker year-end downstream demand, new orders in the enamelled wire industry continued to decline MoM this week. Additionally, year-end inventory checks, procurement suspension, and account closures by downstream enterprises led to a decrease in operating rates for most companies. However, some companies reported that their orders on hand remain sufficient, and their operating rates are still at a high level. Overall, new orders in the enamelled wire industry experienced a seasonal decline. Nevertheless, as the current cooling in downstream demand is not significant and the home appliance industry's demand for enamelled wire has exceeded expectations, the overall performance remains moderate.
