Orders for enamelled wire improved last week due to lower copper prices. According to SMM research, the orders of most enamelled wire enterprises increased last week. Enterprises said that the impact of recent copper price fluctuations on the orders was still relatively obvious.
When the copper price was around 64,500 yuan/mt, the downstream fear of price pullback emerged. The orders decreased accordingly. Enterprises said that downstream consumption did not improve. Changes in orders were mainly due to the impact of copper prices rather than downstream demand. It is learned that orders for transformers are relatively optimistic.
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