SMM Survey of Enamelled wire Market

The performance of enamelled round wire orders remained sluggish. Some small and medium-sized enamelled wire companies said that their orders plunged by more than 20% during the off-season. Large scale plants reported no significant decline in orders but continued to lower processing fees to secure orders, lowering profit margins.

Enamelled round wire companies were in operational difficulties. The industry's operating rates were not very optimistic amid the lack of demand.