Price Increases in Petroleum-Based Raw Materials Are Being Passed Through, Affecting Demand for Enamelled Wire

Published: Mar 27, 2026 10:32

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According to SMM, prices of petroleum-based basic chemical raw materials such as styrene and propylene have risen sharply recently, significantly driving up the costs of engineering plastics for home appliances such as PP and ABS. Coupled with shrinking demand from the Middle East, air-conditioner manufacturers' willingness to stockpile and produce has weakened markedly, and softer demand from the home appliance sector has directly dragged down overall demand for enamelled wire.

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