Demand Performance Was Poor, Both Startup Rate and Orders Declined [SMM Enamelled Wire Market Weekly Review]

      This week, the operating rate of enamelled wire industry equipment was 88.7%, down 2% WoW, and weekly orders decreased by 6.9% WoW. Most enamelled wire companies still had moderate orders on hand, and the production pace did not change much compared to before. However, a few enamelled wire companies had insufficient orders on hand, and their operating rates experienced a certain decline. In terms of orders, affected by the continuous rise in copper prices, downstream procurement tended to be cautious, and new orders in the enamelled wire industry continued to decline this week. In addition, some companies, with many downstream home appliance and power tool customers, saw a decline in end-use demand due to the impact of tariff disputes, which was transmitted to the enamelled wire sector, resulting in a slight decrease in orders.