New Orders Declined, Operating Rate Pulled Back to 87.8% [SMM Weekly Review of the Enamelled Wire Market]

Published: Apr 3, 2026 09:48

Save

This week (March 27–April 2), the operating rate of machines in the enamelled wire industry pulled back by 8.65 percentage points to .....

This week (March 27–April 2), the operating rate of machinery in the enamelled wire industry pulled back as expected by 8.65 percentage points to 87.8%. During the week, the center of copper prices rebounded somewhat, and with home appliance demand continuing to weaken, new orders also pulled back by 8.65 percentage points. However, demand in sectors such as power, two-wheelers, and new energy remained steady, and some enterprises still had ample production schedules. Inventory side, downstream pick-up goods pace slowed down, and days of finished product inventories rebounded to 7.62 days. Next week is the Qingming Festival, and enterprises' production pace is expected to be adjusted downward somewhat as orders weaken, with the operating rate continuing to pull back to 86.73%.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

1 hour ago

Suppliers Sold Off Cargoes Before the Holiday Without Pressuring Discounts, Shanghai Spot Copper Discounts Held Steady [SMM Shanghai Spot Copper]

[SMM Shanghai Spot Copper] Looking ahead to next week, the Shanghai spot copper market is expected to remain under pressure. Supply side, smelters will maintain normal operations during the Qingming Festival holiday, and domestic spot copper output will continue, while imported copper will arrive successively, making spot cargo in circulation in the post-holiday market more ample. In addition, although some suppliers sold off cargo slightly during the day, with Honglu quoted at a discount of 80 yuan/mt, this did not drive overall spot discounts lower, reflecting that suppliers still have the willingness to hold prices firm at current price levels, with spot discounts receiving some support on the downside. Overall, amid the tug-of-war between expectations of ample supply and suppliers' willingness to hold prices firm, Shanghai spot copper prices against the 2604 contract are expected to remain at a discount after the holiday.

1 hour ago

2 hours ago

Copper Cathode Rod Production Rate Rises to 83.58% Amid Stable Operations and Price Rebound

【SMM Copper Cathode Rod Flash】This week, the operating rate of copper cathode rod rose MoM to 83.58, while overall enterprise operations remained stable. Affected by the rebound in copper prices, the operating pace of downstream industries slowed somewhat; however, copper cathode rod enterprises maintained stable production on the back of earlier orders on hand, and order support was expected to continue until mid-April.

2 hours ago

Weakening Market Demand Drove Down Spot Premiums [SMM North China Spot Copper]

Today, spot prices of North China #1 copper cathode against the front-month contract were reported at a discount of 160 yuan/mt to a discount of 100 yuan/mt, with the average price down 30 yuan/mt from the previous trading day, and the average transaction price up 135 yuan/mt from the previous trading day to 96,045 yuan/mt.

2 hours ago