SMM survey data shows that in July, the domestic aluminum cable industry PMI recorded 50.7%, an increase of 1.7 percentage points from the previous month, returning above the threshold line. In July, most cable companies in East China maintained steady production, and some cable factories in the north increased their order volume, downstream delivery was active, and production increased. The domestic aluminum cable production index in July increased by 7.8 percentage points to 48.2%. The new order, new export order and purchase index of aluminum cable in July were all above 50%, mainly due to the release of a few tendering projects by the State Grid in the same month, and the industry's new orders increased slightly, but there were not many winning companies. In the short term, there is an expectation of concentrated delivery in September for the State Grid's tendering, and some companies may increase production in August for delivery. It is expected that the aluminum cable industry will start work and order development in the future, and the aluminum cable PMI in August will remain above 50%.
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