This week, the operating rate of enamelled wire industry machines was 89.2%, down 0.3% WoW, with order volumes decreasing by 8.59% WoW. The enamelled wire market orders cooled slightly this week, mainly impacted by the sharp rise in copper prices. According to company feedback, copper prices fluctuated significantly this week. Orders performed moderately at the beginning of the week, but downstream order volumes dropped noticeably by the end of the week, leading to a decline in total weekly orders. However, most enamelled wire companies currently have sufficient orders on hand, with high production schedule saturation, resulting in relatively small impacts on operating rates. From the end-user perspective, downstream orders remained strong in the home appliance and new energy sectors, while orders in the industrial motor sector also increased. Overall, despite the impact of rising copper prices on orders, demand remained the primary driver. Enamelled wire companies still had relatively sufficient orders on hand this week. Attention will be focused on next week's copper price trends and new order intake by companies.
