Wire and cable: Last week, wire and cable enterprises actively scheduled production as finished product inventory continued to decline. According to SMM survey, copper prices fell at the end of the week, attracting buyers. The speed and quantity of delivery to downstream enterprises significantly improved. Cable companies have also taken advantage of low prices to purchase raw materials and actively produced. From the perspective of terminal consumption, as the weather got warmer, projects continued to resume normal construction, and demand for civil power lines continued to pick up. According to SMM, the actual delivery volume to the State Grid in the first quarter was fairly good, and pent-up orders placed before the COVID-19 pandemic had been carried out. But there was no significant growth in real estate sector. Overall, as the seasonal peak season approaches and the copper prices drop, cable consumption will continue to improve.
Enamelled wire: The industry was operating steadily last week, with orders increasing. Enamelled round wire enterprises said that their orders remained stable last week. With the exception of the decrease in export orders due to the impact of the international situation, domestic orders have steadily increased, especially after the sudden plunge in copper prices during the week. However, some enterprises indicated that downstream customers stood on the sidelines, and still worried about whether the increase in orders can sustain.
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