Wire and Cable Plants Reported Sharp Drop in New Orders, but New Energy to Boost Demand

Published: Apr 10, 2023 13:10 (GMT+8)

Source: SMM

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The overall new orders slowed down notably last week. Orders performed poorly in the first week of April, and enterprises were not enthusiastic about production.

The overall new orders slowed down notably last week. Orders performed poorly in the first week of April, and enterprises were not enthusiastic about production. In terms of terminal consumption, the new orders of the distribution network in late March were weak, and the growth in the delivery to the State Grid in April was also limited. Most of the existing orders have been completed.

It is also worth noting that the second quarter is the traditional off-season for photovoltaic installations, and the consumption of new energy will boost installed capacity of distributed onshore and floating offshore wind power. This will improve the demand for cables.

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