April Operating Rate Fell Both YoY and MoM, Multiple Factors Pressuring Continued Pullback in May

Published: May 12, 2026 10:14

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In April, affected by multiple factors including declining end-user home appliance demand, prior concentrated orders having front-loaded subsequent procurement needs, and high copper prices being under pressure, the enamelled wire industry's operating rate fell both YoY and MoM. With continued decline in home appliance end-user demand, compounded by production disruptions during the Labour Day holiday and the approaching off-season, SMM expects the enamelled wire industry's operating rate in May to pull back by 3.27 percentage points MoM and 0.21 percentage points YoY.

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