Wire and Cable Factories Had Normal Production Schedules, Orders Were Stable

Published: May 23, 2023 15:21

Source: SMM

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Last week, wire and cable factories had normal production schedules and orders were stable. From the research point of view, after copper prices fell recently, the willingness of downstream replenishment has increased. Large cable factories had sufficient orders in hand and production schedules were active.

After copper prices rose slightly at the end of the week, downstream orders slowed down. In terms of terminal industries, the release of orders for real estate and civil engineering was limited, and small cable companies were more cautious in replenishing stocks. New orders brought by wind power still maintained a good growth rate, and new orders for energy storage and automotive also warmed up.

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SMM Daily Comments (May 5): LME Base Metals Rose across the Board, SHFE Nickel Plunged

SMM Daily Comments (May 9): Most LME Base Metals Closed Lower, SHFE Nickel Prices Plunge, Ferrous Metals Mostly Rose

SMM Daily Comments (May 12): SHFE Base Metals and Silver Prices Crashed, Most LME Base Metals Prices Went Down, Oil Posted 3-Day Losing Streak

SMM Daily Comments (May 16): Most Base Metals Prices Closed with Losses, SHFE Nickel, Stainless Steel Plunge, Oil Gained on G7 New Measures, US Strategic Petroleum Reserve Replenishment and Supply Concerns

SMM Daily Comments (May 17): Most Metals prices Rose, Ferrous Metals Jumped with Coking Coal soaring 3.29%,Oil Went Down on Surprise Inventory Growth, Poor China Economic Data and IEA Doubt on Russia Cheating on Output Cuts

SMM Daily Comments (May 22): Metals Prices Mostly Fell, Zinc Plunged to over 2-Year Low, Coke Slumped, Fears over US Debt Ceiling and China Demand Structural Issues Weigh on Oil

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Market review Output

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