In June, the enamelled wire industry entered the traditional consumption off-season as scheduled, with significantly weakened market demand, a continuous decline in industry orders, and a notable drop in the operating rate. According to SMM data, the comprehensive operating rate of the enamelled wire industry in June was 69.93%, down 2.33 percentage points MoM and up 1.27 percentage points YoY. Looking ahead to July, multiple enamelled wire enterprises have reported that end-use demand in several sectors continues to weaken, with a significant decline in orders in the near term. Under the shadow of the off-season, the industry's operating rate will continue to decline. SMM forecasts that the industry's operating rate in July will pull back to 66.93%, down 3 percentage points MoM.