Copper prices have increased this week, leading to a decrease in purchasing sentiment at wire and cable factories. As a result, individual factories are preparing to start their factory vacation next week.
The terminal consumption of copper is becoming increasingly sluggish, and renewable copper rod factories are currently focused on completing the task of stocking finished products before the Chinese New Year. Some renewable copper rod factories have announced that they will start their Spring Festival holiday on January 31.
Looking ahead to next week, the earliest vacation time according to the renewable copper rod factory's plan will be on Wednesday, January 31, with the general vacation time concentrated on February 5 and 6. Additionally, the renewable copper rod factory mentioned that the work of stocking finished products is nearing completion, so it is expected that the work rate next week will significantly decrease. This year, the vacation time for renewable copper rod factories is 4-5 days earlier compared to previous years.
For more information, please contact raezhang@smm.cn.
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