[Aluminum cable weekly operation rate] This week, the leading aluminum cable companies maintained a stable operation rate of 66%, with stable industry shipments and high operation rates for each company. The performance of State Grid orders and photovoltaic orders was stable, providing support for the operation of the aluminum wire industry. In addition, recently, power transmission and distribution projects and distribution network projects have gradually landed, bringing new orders to the industry. According to enterprise feedback, the current increase in distribution network engineering orders is mainly supported by incremental growth in Anhui, Henan, and the northwest region. There are signs of weakening bidding volume in places with better economic development, such as Jiangsu and Zhejiang. In terms of procurement, the recent aluminum price has hit a new high again. Under the background that the inventory pressure of each aluminum rod has not been alleviated, the processing fee of the aluminum rod has once again decreased, and the market is still dominated by rigid demand, which is still gradually releasing. On the whole, it is expected that the operation rate of domestic aluminum cable companies will remain high in May.
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