According to SMM statistics, as of June 26, days of in-factory inventory at China’s aluminum rod plants were recorded at 1.43 days, down 0.39 days WoW from 1.82 days on June 18, with the inventory ratio further declining from 6.87% to 5.67%, a drop of 1.2 percentage points. The inventory destocking trend continued, but the decline narrowed significantly

Guangdong is a core hub of China’s wire and cable industry cluster, with a well-established industry chain, distinct locational advantages, and market reach extending across South China, Hong Kong, Macau, and Southeast Asia. The sector currently faces both opportunities and challenges: new energy and infrastructure markets outside China are expanding the space for going global, yet fluctuations in copper and aluminum raw materials, capacity homogenization, and low-price involution are squeezing corporate profits. Digital and intelligent upgrading has thus become the key to breaking through. will be held from July 14 to 15, 2026 at the Wyndham Hotel in the Guangzhou Design Capital, Guangdong . SMM , in partnership with Luoyang Sanwu Cable Group Co., Ltd. , invites you to attend. Leveraging entire industry chain data and in and outside China resources, the summit will focus on market analysis, transformation and upgrading, supply-demand matchmaking, and empowerment for going global, helping local enterprises enhance quality and expand markets while driving high-quality, internationalized development in the regional wire and cable industry. Click to . We look forward to meeting you at the summit. Sanwu Cables Reach Across the Seas Conductors and Wires Connect the Continents Luoyang Sanwu Cable Group Co., Ltd. (“Sanwu Group” for short, formerly Luoyang Sanwu Cable Co., Ltd.) was established in 2016 and now has over 600 employees. It is a mixed-ownership group enterprise integrating science, industry, and trade, headquartered in the Guobao Building in Luoyang, with three manufacturing entities and one trading company under its umbrella. Its production site is in the East Park of the Yichuan Advanced Manufacturing Development Zone, covering over 300 mu of land, with workshop space exceeding 150,000 m² and total annual capacity of more than 700 kt. Sanwu Group pursues a diversified development strategy rooted in specialization. Its main products include electrical round aluminum rod series, overhead conductor series, cable series, and deoxidized aluminum products series. These four product lines are mutually reinforcing, forming a solid business ecosystem. Sanwu products are widely used in electric power, transportation, new energy, metallurgy, petrochemicals, national defense, and urban construction. Its domestic clients include over 30 state-owned enterprises, central state-owned enterprises, and publicly listed firms, while its export markets have expanded to 37 countries and regions, 15 of which—including the Philippines, Singapore, Australia, Chile, and Kazakhstan—lie along the Belt and Road route. Sanwu Group’s subsidiaries have successively passed the “three-system” certification. All product series comply with IEC, ASTM, BS, and other international electrotechnical standards and authoritative detection requirements. The group has been recognized as a National High-Tech Enterprise, a Green Factory, a technology-based small and medium-sized enterprise, a provincial-level specialized and sophisticated small and medium-sized enterprise, and a Gazelle Enterprise. Its detection center collaborates deeply with Longmen Laboratory and has been accredited as a provincial engineering technology center and enterprise technology center. The group currently holds 10 inventions, 39 utility model patents, and 12 software copyrights, has contributed to the formulation of national standards, and has received a scientific and technological achievement evaluation report rating as domestically leading. It serves as the honorary chair organization of the Henan Electrical Industry Association and is an industry-academia-research base for Henan University of Science and Technology, Henan Institute of Technology, and Luoyang Institute of Science and Technology. Since 2023, it has been consistently listed among the top 100 enterprises in Luoyang, and in 2025, it was listed among the top 100 enterprises in Henan. Contact Information SMM Conference Contact Chen Bo 183 7089 1981 chenbo@smm.cn

In June the aluminum processing industry exhibited a pronounced divergence pattern of "external demand outperforming domestic demand, with the aluminum wire and cable industry unable to sustain the market on its own." Export orders, energy storage, UHV, and other areas provided structural support, but a combination of weak domestic consumption, wild swings in aluminum prices, and policy disruptions made it difficult for the overall industry sentiment to recover markedly in the short term.

Guangdong is a core hub of China’s wire and cable industry, with a well-established industry chain, notable regional advantages, and market reach across South China, Hong Kong, Macau, and Southeast Asia. The sector now faces both opportunities and challenges: overseas new energy and infrastructure markets are broadening the room to go global, yet fluctuations in copper and aluminum raw materials, homogenized capacity, and low-price involution are squeezing enterprise profits, making digital-intelligent upgrading the key to breaking through. will be held on July 14-15, 2026 at the Wyndham Hotel, Guangzhou Design City, Guangdong . SMM , together with the co-organizer — Guangxi Dasheng Electric Power Equipment Co., Ltd. , cordially invites you to join. Leveraging entire-industry-chain data and resources in and outside China, the conference will focus on market analysis, transformation and upgrading, supply-demand matching, and going global, helping local enterprises improve quality and expand markets, and promoting the high-quality, internationalized development of the regional wire and cable industry. Click to participate; we look forward to meeting you at the conference. Guangxi Dasheng Electric Power Equipment Co., Ltd. Aluminum-Based, Technology-Empowered, Green Recycling, Excellent Development Guangxi Dasheng Electric Power Equipment Co., Ltd. was founded on June 22, 2020. It is a sound private enterprise invested by Zhejiang merchants. The company is located in the Pingguo Economic and Technological Development Zone, Baise City, Guangxi, with a superior location and convenient transportation, ensuring efficient product logistics and client business coordination, and enjoying an exceptionally favorable business environment. The company has robust scale and strength, with a total investment of 500 million yuan. The plant site covers an area of 150 mu, including 50,800 m² of standardized workshops, and features a complete production support system, enabling large-scale, standardized production. The company persists in technology-innovation-empowered development, operating a dedicated R&D center, deeply engaging in technological R&D and product upgrades, and has independently obtained 13 intellectual property rights in its nearly five years of operation, building core competitiveness with a solid technological foundation. It has independently developed an intelligent management system for wire and cable production, realizing intelligence in production and operations management information. The company has been recognized as a Guangxi Digital Workshop Demonstration Enterprise, a Guangxi Specialized and Sophisticated Enterprise, and a National High-tech Enterprise. The company focuses on its core main business, vigorously building a complete industry chain encompassing raw materials for electrical round aluminum rods, aluminum conductor processing, and wire and cable manufacturing, forming an integrated production system from aluminum raw material preparation and deep processing of aluminum conductors to finished wire and cable products, with complete industrial support and outstanding professional advantages. Concurrently, it operates related products such as electrical fittings, high- and low-voltage switches, cable accessories, and new-energy PV aluminum components, and provides one-stop supporting services including power transmission and distribution line design, technical consulting, and installation, fully meeting the diversified needs of clients. Leveraging local aluminum industry advantages and full-chain capacity, the company has now become a core regional centralized production and manufacturing base for aluminum and aluminum alloy series wire and cable. The company holds more than ten management system certifications, consistently adhering to the philosophy of quality first and client priority, strictly controlling product quality and continuously improving the service system, and committed to providing high value-for-money products and professional solutions for clients in the power and new energy industries, deeply cultivating the industry and developing steadily. Contact Tang Jianqin 135 8805 2296 SMM Conference Contact Chen Xiaolong 180 1708 9983 chenxiaolong@smm.cn

June 23, 2026 According to SMM statistics, as of June 18, days of in-factory inventories of aluminum rod in China was 1.82 days, down 0.84 days WoW from 2.66 days on June 12. The inventory ratio fell to 6.87% from 9.28%, down 2.41 percentage points, with inventory levels dropping to an extremely low range for this year. Over the same period, the aggregate operating rate of industry leaders in aluminum rod was 83.40%, up 1.3 percentage points WoW, climbing for the fourth consecutive week and hitting a new high for the year. The core logic behind the sustained and accelerating inventory destocking is the continuation of dual-line production schedules for export aluminum stranded wire orders and orders from State Grid, keeping aluminum rod supply tight. Producers prioritized export and long-term contract deliveries, while spot circulation continued to contract. The pick-up in operating rates was supported by ample order backlogs and high capacity utilization rate, with profits from orders on hand sufficient to sustain high-load operations. With inventories now near their minimum threshold, room for further destocking is extremely limited, and they are expected to stabilize. Although the operating rate remains in an uptrend, given that the capacity utilization rate is already at a high-level bottleneck, further upside room is expected to be relatively limited in the near term. Last week, overall aluminum prices moved sideways around 24,000 yuan/mt, without any notable directional breakthrough, leaving limited marginal impact on processing fees. This week, however, aluminum prices dropped successively, while processing fees held firm. As of June 23, aluminum rod processing fees across regions showed divergence from last Tuesday's levels: Shandong was at 600 yuan/mt, Inner Mongolia at 550 yuan/mt, Henan at 700 yuan/mt, Jiangsu at 750 yuan/mt, Hebei at 650 yuan/mt, and Guangdong at 650 yuan/mt. Overall processing fees stayed high and firm, with Shandong's level reaching the high range for the same period in the past three years, mainly because the tight supply situation remained unchanged, producers showed strong willingness to hold prices firm, and spot cargo among traders was scarce. Processing fees in Henan caught up, reflecting a phased release of downstream restocking demand in the region. Given that aluminum rod inventories have fallen to extremely low levels and the tight supply situation is unlikely to reverse in the short term, processing fees are expected to fluctuate at highs, though momentum for further increases is insufficient, and regional price spreads may further narrow. Moreover, the current pace of the LME aluminum price decline has far exceeded expectations, export profits for aluminum stranded wire have already turned negative, and the sustainability of orders is limited, calling for caution against a marginal weakening trend in market demand. This week, the operating rate of China's aluminum wire and cable industry was recorded at 69.4%, up 0.8 percentage points WoW, sustaining its elevated trend. During the week, the industry's operating rate continued to climb, with the dual-driver pattern of export orders and State Grid deliveries persisting. Enterprises steadily advanced production based on existing production plans, keeping the overall capacity utilization rate within a high prosperity range. Currently, the industry's operating logic has not changed substantially. The resilience of export demand, combined with medium- to long-term order reserves from power grid tenders, jointly supports the capacity utilization rate staying in a relatively strong range. Against a backdrop of coordinated domestic and external demand and relatively ample order reserves, the operating rate is expected to maintain high-level resilience in the short term.

According to SMM statistics, as of June 18, the days of in-factory aluminum rod inventories in China recorded 1.82 days, down 0.84 days from the same period last week (2.66 days on June 12); the inventory ratio fell from 9.28% to 6.87%, a decline of 2.41 percentage points, with inventory levels falling to an extremely low range for the year. During the same period, the comprehensive operating rate of leading aluminum rod enterprises recorded 83.40%, up 1.3 percentage points WoW, climbing for the fourth consecutive week and hitting a new high for the year.