Copper Prices Rise While Demand Remains Weak, Enamelled Wire Order Growth Lags Behind [SMM Enamelled Wire Market Weekly Review]

      This week, the enamelled wire market remained in a post-holiday recovery phase. The operating rates of most enterprises have gradually rebounded to normal levels. However, as downstream production mostly resumes after the Lantern Festival and the rise in copper prices has somewhat suppressed orders, the growth rate of new orders this week was moderate. According to enterprises, although the performance of orders this week felt below expectations, the enamelled wire industry is still in an abnormal state. It may only be after downstream production resumes next week that post-holiday consumption trends become apparent. In addition, current orders from sectors such as home appliances, NEVs, and power transformers continue to show positive performance.