Latest Market Trends in the Copper Enamelled Wire Industry: Production Continues During Holidays VS Three Consecutive Declines in Orders! [SMM Analysis]

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      As the Labour Day holiday approaches, enamelled wire enterprises have finalized their production plans and holiday arrangements for the holiday period. SMM has gathered and compiled information on the holiday production arrangements of some enamelled wire enterprises. Below are the holiday and order situations of some enterprises:

       As the Labour Day holiday approaches, enamelled wire enterprises have completed raw material stocking within this week based on their orders. During the holiday, enamelled wire enterprises will continue to ship products normally, but their production plans vary. According to feedback from enterprises,most enamelled wire enterprises, similar to previous years, will continue production during the holiday. However, they will conduct equipment maintenance and reduce the operating rate of machines based on their orders.

      In terms of orders, according to SMM data, the weekly increase in new orders after the Qingming Festival reached as high as 37.76%, but the weekly order volume has shown a decline for three consecutive weeks since mid-month.Recently, the Sino-US tariff dispute and its impact on the enamelled wire industry have expanded. Enterprises have reported that orders for terminal home appliances, power tools, and other products exported to the US have been cancelled, leading to a decline in enamelled wire orders through layered transmission.As of the last week of April, the orders on hand of some enamelled wire enterprises have been insufficient to sustain a high operating rate. The enamelled wire industry has seen a trend of increasing finished product inventories and a decreasing operating rate.It is expected that the impact of the tariff dispute on the orders of the enamelled wire industry will continue to manifest. With the approaching off-season of the industry, there are pessimistic expectations for enamelled wire industry orders in May.