As an important raw material in fields such as motors, transformers, and electronic equipment, the peak season for enamelled wire consumption is closely related to the production and demand of downstream industries. According to SMM, the enamelled wire industry is currently in the off-season, with the industry's operating rate showing a downward trend for several consecutive months. After the low points in July and August, how will consumption be in September? When will the industry's peak season appear?
August enamelled wire orders were not ideal, and September orders are expected to be slightly better than August
Recently, an SMM survey of multiple enamelled wire producers showed that August was a traditional off-season for the industry, with a significant decline in orders from downstream home appliance sector, which greatly dragged down the enamelled wire industry. As the high temperatures recede and the summer breaks end for downstream air conditioner manufacturers and transformer plants, enamelled wire companies also resume normal production. Most enamelled wire companies believe that September orders will be slightly better than August.
Whether the traditional peak season will arrive as expected may be revealed in late September
According to the survey, the increase in enamelled wire orders at the beginning of the month is limited. Although there is growth compared to August, it is still within the traditional off-season. Enamelled wire companies are cautious about when the off-season will end, and it is still unclear when the industry's peak season will appear. However, some companies believe that downstream industries usually stock up before the National Day holiday based on October's production schedule, so the order increase at the end of September may reflect October's demand in advance. Additionally, the trend of copper prices will also have a certain impact on enamelled wire orders.
