This Week, the Operating Rate of the Enamelled Wire Industry Rebounded to 85.13%

Published: Mar 12, 2026 16:33

Save

Supported by ample earlier orders and full production schedules, the operating rate of the enamelled wire industry rose 4.06 percentage points WoW to 85.13% this week. According to enterprise feedback, new orders underperformed expectations this week. Affected by downstream wait-and-see sentiment amid falling prices, enterprises were relatively cautious in placing orders, and new orders increased by only 0.11 percentage points.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

33 mins ago

Data: SHFE, DCE market movement (Apr 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Apr , 2026

33 mins ago

54 mins ago

SHFE/LME Price Ratio Continued to Weaken in Early Trading, Offers Were Abundant but Deals Were Hard to Find [SMM Yangshan Spot Copper]

54 mins ago

4 hours ago

Copper Prices Continued to Rise, Shanghai Spot Copper Maintained Premium Operations [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to tomorrow, the Shanghai spot copper market will officially shift to quoting against the 2605 contract. Market structure side, the Contango price spread between the 2604 and 2605 contracts ran within a range of 100-30 yuan/mt. Suppliers who previously established long-short arbitrage positions under the backwardation structure are now more inclined to hold open interest for delivery to capture the price spread gains under the current structure, with limited willingness to sell spot cargo at low prices, providing some support for spot premiums. Demand side, copper prices rose again intraday, and downstream enterprises generally adopted a wait-and-see stance, with limited acceptance of current price levels and increasingly cautious purchasing. In addition, attention should be paid to the outflow of unmatched warrants after the last trading day; if warrants are released in a concentrated manner, this may exert periodic pressure on spot premiums. Overall, under the dual effects of price spread structure support and high prices suppressing demand, Shanghai spot copper prices against the 2605 contract are expected to maintain a premium tomorrow.

4 hours ago