SMM

SHANGHAI, Apr 24 (SMM) - The average operating rate of major aluminium wire and cable enterprises was unchanged at 58.4% last week amid stable end-user demand, and this situation looks set to continue in the near term. Aluminium wire and cable enterprises took a wait-and-see attitude amid sharply rising aluminium prices. Some enterprises may reduce production slightly after their raw material stocks decline, while others will restock on fears that aluminium prices will go up further.