SMM

The operating rate of enamelled wire industry equipment this week was 87.6%, down 0.5% WoW, with weekly order volume declining 1.75% WoW. This week, the order volume of enamelled wire enterprises fluctuated with copper prices. As of Thursday, the total order volume continued to drop WoW. According to enterprise feedback, orders from customers who placed orders at the monthly average price were normal, but spot order customers experienced significant fluctuations. Mid-week, copper prices surged sharply, leading to a sharp drop in orders that day. However, after copper prices pulled back on Thursday, downstream restocking intentions were strong, and order volume rebounded again. This shows that high copper prices have a significant inhibitory effect on market demand. In addition, since the monthly average price settlement method is more favorable for customers, and with downstream expectations of a bullish market, recent average price customers have actually placed orders in advance, consuming some of April's demand. Therefore, some enamelled wire enterprises are concerned about the consumption expectations for April.