During the week of Jun 12–18, the machine operating rate in the enamelled wire industry pulled back 1.2 percentage points WoW, and weekly order intake fell 1.25% WoW. Orders showed a divergent trend during the week. Early in the week, copper prices were low, downstream replenishment willingness was strong, and order-taking performed well. As the copper price center rose during the week, wait-and-see sentiment intensified, and orders declined noticeably at the weekend. Industry demand was notably constrained by copper price fluctuations.

The CPCA branch released weekly data. From June 1 to 14, retail sales in the national new energy passenger vehicle market reached 341,000 units, down 8% YoY and up 5% MoM; year-to-date retail sales reached 4.039 million units, down 15% YoY. Over the same period, retail sales in the national passenger vehicle market reached 534,000 units, down 18% YoY and down 5% MoM; year-to-date retail sales reached 7.633 million units, down 19% YoY.

During the week of June 12-18, the operating rate of enamelled wire industry machines rebounded WoW...