This week, the operating rate of enamelled wire industry equipment dropped to 74.87%.

Published: Jan 9, 2026 14:35

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Affected by production cuts during the New Year's Day holiday and high copper prices, the operating rate of enamelled wire machinery this week (January 2–7) pulled back 0.66 percentage points MoM to 74.87%. Notably, after copper prices experienced a slight correction during the week, industry orders immediately showed restorative growth, particularly as demand improvement in the home appliance end-user segment continued, driving new orders in the industry up 1.77 percentage points WoW. SMM believes that the current rigid demand in the market is not substantially absent but has entered a temporarily delayed release state due to suppression from high copper prices. If copper prices continue their pullback trend, end-user purchase willingness will be effectively boosted, industry order volumes are expected to achieve significant improvement, and the room for a rebound in operating rates will further open up.

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