Weekly machine startup rate and new order volume in the enameled wire industry both increase

This week (March 13-19), driven by the decline in copper prices, downstream procurement activity has significantly increased, with wire and cable orders being concentrated and released, up 24.97 percentage points month-on-month. The industry operating rate has also risen by 3.8 percentage points to 88.93%. This week, the pace of downstream deliveries accelerated, coupled with the concentrated release of new orders, causing some copper wire and cable companies to experience tight spot shipments, and the industry’s finished product inventory days decreased to 7.28 days. Boosted by the decline in copper prices, the wire and cable industry’s order performance has improved, with the overall rhythm aligning with peak season expectations. Terminal demand has fully recovered, with home appliance orders maintaining strong seasonal performance, demand for power transformers remaining steady, and demand in the new energy sector gradually improving. Orders in traditional fields such as industrial motors and power tools also performed well. Under the expectation of high production schedules, it is anticipated that the industry’s operating rate will continue to rise back above 90%. (SMM)