Rising Copper Prices Dragged Down New Orders, Higher Operating Rates Pushed Up Finished Product Inventories [SMM Enamelled Wire Market Weekly Review]

Published: Jun 4, 2026 16:19

Save

This week (5.29-6.4), the machine utilization rate in the enamelled wire industry WoW ....

This week (5.29-6.4), the enamelled wire industry's machine utilization rate rose 0.87 percentage points WoW to 75.20%, while weekly order-taking volume pulled back slightly by 0.27% WoW. Copper prices' center shifted upward during the week, notably suppressing downstream purchasing enthusiasm. New orders in the industry shrank slightly, but enterprises' earlier orders on hand supported production, driving utilization higher WoW. Affected by increased production volume and weak cargo pick-up follow-through, days of finished product inventories rose to 9.59 days, with inventory pressure increasing. Overall, weakening orders combined with elevated inventory constraints on subsequent production lead SMM to forecast the enamelled wire industry's machine utilization rate to pull back to 74.87% next week.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Operating Rates of Copper Anode Producers Using Scrap Saw No Increase This Week

[SMM Copper Anode Market] Although the center of copper prices shifted higher, tax-inclusive copper scrap in the current market remained relatively tight, and operating rates of copper anode producers using scrap saw no increase. From May 29 to June 4, the SMM weekly operating rate of China's copper anode producers using scrap fell 0.62 percentage points WoW to 52.52%, and is expected to decline 0.63 percentage points WoW to 51.89% next week.

1 hour ago

BC Copper Retreated After Rapid Rise with Sharp Decline, Geopolitical and Data Under Pressure Narrowing Inversion [SMM BC Copper Commentary]

1 hour ago

Common.Time.hoursAgo

Kamoa-Kakula Advances Power Infrastructure to Support Future Growth

Ivanhoe Mines said construction of Kamoa-Kakula’s on-site solar and battery storage facilities remains on schedule, with 60 MW of baseload power expected to be delivered from early Q3 2026. The company also plans to expand on-site solar generation and storage capacity to 120 MW by the end of 2027. In addition, Kamoa-Kakula has secured key operating consumables, including diesel inventory, to mitigate potential supply chain disruptions. Market participants believe the enhanced power infrastructure will strengthen operational reliability and support future production growth.

Common.Time.hoursAgo