**SMM Analysis: Aluminum Cable Operating Rate Fell 1.75% MoM in October, Enterprises May Face Shift in Production Focus**
November 14, 2024 News,
According to SMM research statistics, the comprehensive operating rate of the domestic aluminum cable industry in October 2024 was 58.69%, a decrease of 1.75% MoM (Month-on-Month) but an increase of 8.17% YoY (Year-on-Year) compared to October 2023. In October, the operating rate of large enterprises fell 0.86% MoM to 69.25%, medium-sized enterprises saw a 2.28% MoM decline to 55.31%, and small enterprises experienced a 2.97% MoM drop to 35.59%. ......
![Accelerated destocking of aluminum ingots during the peak season supports aluminum prices to hold up well in the short term [SMM Aluminum Morning Meeting Summary]](https://imgqn.smm.cn/usercenter/zjiqN20251217171650.jpg)
