SMM

This week, the operating rate of the enamelled wire industry has rebounded to normal levels, with new orders showing a growth trend WoW. Specifically, after the Lantern Festival, downstream enterprises fully resumed orderly production, and the production pace gradually returned to normal. Market demand saw a significant increase WoW. Additionally, the center of copper prices pulled back this week, improving downstream purchasing sentiment, with daily order volumes for some enterprises approaching peak season levels. However, some customers reported that order growth fell short of expectations, particularly in the industrial motor sector, where order growth remained weak. Currently, orders in the home appliance, power transformer, and auto parts-related sectors are moderate, while demand in other segments shows mediocre performance. Due to factors such as rising copper prices, the recovery trend in the enamelled wire market exhibits a certain degree of uncertainty.