Orders Continue to Be Released, Industry Peak Season Arrives [SMM Enamelled Wire Market Weekly Review]

In March, the enamelled wire industry exhibited significant peak season characteristics. This week, the operating rate of machines reached 89.5% (up 2.1% WoW), and order volumes increased by 3.47% WoW, essentially reaching peak season levels. Boosted by demand from the end-user home appliance and auto parts sectors, some companies have scheduled production until the end of March, with machines maintaining high operating rates. However, due to a sharp rise in copper prices at the end of the week, orders for some enamelled wire companies were somewhat affected. Overall, the industry remains in a demand-driven order growth phase typical of the peak season, and companies hold an optimistic outlook for the March market.