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As the Chinese New Year holiday approaches, the holiday arrangements and production plans of enamelled wire companies have been largely finalized. SMM conducted a survey of multiple enamelled wire manufacturers, and the results are summarized as follows:
According to SMM, most enamelled wire companies this year plan a holiday duration of 10-12 days, with the majority starting their shutdown on January 24. From the companies' statements, it is understood that this year's holiday duration is mostly consistent with last year. However, some companies will not take a holiday during the Chinese New Year due to downstream customers continuing operations and the need to fulfill pending orders.
In terms of raw material and finished product stockpiling, due to rising copper prices and uncertainty about next year's orders, companies reported that downstream customers are not highly motivated to stockpile, focusing mainly on meeting basic needs. Enamelled wire companies determine their stockpiling strategies based on existing and pending orders.
Overall, the holiday arrangements in the enamelled wire industry this year show little change compared to previous years. Companies are mostly adjusting production plans based on logistics and downstream holiday schedules. Additionally, orders for enamelled wires related to new energy and home appliances have exceeded expectations, prompting some companies to ramp up production before the holiday. Meanwhile, some companies have adjusted their Chinese New Year holiday duration due to overseas customer demand. Furthermore, SMM learned that uncertainties caused by tariffs have led companies to feel apprehensive about next year's market conditions, with many adopting a wait-and-see approach regarding post-holiday orders.
