Orders of enamelled wire improved at the end of last week due to lower copper prices. Orders at enamelled round wire companies were sluggish early last week.
Orders fell sharply across home appliances, new energy vehicles, and the electronics industry. On the whole, the downstream demand is weak, and companies lack confidence in the market outlook.
Near the end of the week, copper prices plummeted and that grew orders at most of the plants. But one company said the growth in orders was insignificant as many customers stood on the sidelines, and was concerned about the sustainability of orders.
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