Sep 10, 2025
In September 2025, the comprehensive operating rate of the domestic aluminum wire and cable industry was 56.63%, up 3.04 percentage points MoM from August, but down 4.5 percentage points YoY from July last year. By enterprise size, the operating rate of large enterprises rose 2.58 percentage points MoM to 70.83%, medium-sized enterprises increased 3 percentage points MoM to 50.47%, and small enterprises increased 5.93 percentage points MoM to 33.05%.
By order type, power grid-related orders performed slightly below expectations, with end-users showing low enthusiasm for picking up goods, and even delays in some cases. Considering profitability, enterprises maintained normal production as planned without building up excessive finished product inventories. For PV orders, due to market expectations that the PV module tax rebate would be canceled domestically in October, coupled with demand for aluminum alloy cables in grid connection procedures for PV projects, overseas customers placed concentrated orders, boosting aluminum alloy cable consumption in the short term. The enamelled wire market remained sluggish in September, showing signs of weak recovery. It is expected to receive some boost as subsidy funds are replenished and consumer activities begin.
