Aluminum Wire and Cable Industry Resumes Production with Slower Capacity Recovery in Early 2025

March 2, 2025—

After the Chinese New Year, the aluminum wire and cable industry resumed production at a steady pace. This week, the operating rate of leading enterprises reached 53%, up 2 percentage points MoM, mainly due to the orderly resumption of work as planned. However, compared to the 60% operating rate in the same period of 2024, the current rate still shows a YoY decline of 7 percentage points. The weaker capacity recovery compared to last year is primarily constrained by two factors: first, the industry's delivery peak has not yet arrived; second, the total volume of pending orders for enterprises is lower than that of the same period in 2024, directly affecting the momentum of operations.