SMM Analysis: Copper Wire & Cable Firms' Operating Rates Decline Fourth Straight Week; Stabilization Next Week?

[SMM Analysis: Weekly Operating Rates of Copper Wire and Cable Enterprises Decline for the Fourth Consecutive Week! Expected to Stabilize Next Week?]

This week, the operating rate of SMM copper wire and cable enterprises stood at 77.9%, down 4.42 percentage points WoW and 7.33 percentage points YoY. Compared to the expected operating rate, it was only 0.36 percentage points higher, aligning overall with the seasonal weakening trend. As the year-end approaches, market purchasing enthusiasm has diminished, and order volumes have significantly...