SMM

       According to SMM, new orders in the enamelled wire industry continued to decline MoM this week, in line with the expected slowdown in year-end downstream demand. However, orders from the home appliance sector remained strong, leaving related enamelled wire companies with very sufficient order reserves, which significantly boosted the industry's operating rate. In addition, it is reported that enamelled wire companies in Zhejiang experienced temporary production disruptions due to environmental protection inspections, but the impact on production was limited as the year-end operating rate was already relatively low.