Copper enamelled wire market sentiment weakened in June.

Published: Jun 9, 2026 14:50

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According to SMM, by the end of May, contradictions between weak orders and rising inventories had already emerged in the market. In June, as the end-use off-season deepens, high copper prices further disrupt market purchasing sentiment. At the beginning of the period, enterprises proactively lowered operating rates and tightened production schedules to digest previously accumulated inventories. While demand in the power and new energy sectors remains resilient, the incremental gains cannot offset the decline in conventional end-use demand. The demand side is unlikely to see a substantive recovery in the short term. SMM expects the industry's operating rate to continue its pullback trend in June.

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