Copper Enamelled Wire Industry Orders Continued Under Pressure

According to the latest report, the total production schedule for China's household air conditioners in May 2026 was 21.977 million units, down 11.7% YoY; of which household air conditioners had a production schedule of 20.355 million units, down 11.9% YoY; dehumidifiers had a production schedule of 745,000 units, down 12.9% YoY; and household central air conditioners had a production schedule of 877,000 units, down 6.0% YoY.

According to SMM, new orders in the copper plate/sheet and strip industry have declined recently. However, as previously received orders remain sufficient, current production schedules of copper plate/sheet and strip enterprises are full, and the industry operating rate stays high.

Strong copper and gold prices are driving a sharp increase in demand for industrial explosives used in mining operations. Australian explosives and blasting service providers said copper mine expansions and new project developments are boosting order volumes across the sector. Analysts noted that AI infrastructure, electrification, and energy-transition spending are fueling a broader mining investment cycle, benefiting the entire copper supply chain. The mining services industry is expected to remain strong over the coming years as global resource demand continues rising.