Copper Prices Weigh on Enamelled Wire Industry in China

The enamelled wire industry in China experienced a decline in operating rates this week due to fluctuating copper prices. The high copper prices, coupled with traditionally weak off-season demand, created a dual drag on market demand.

Downstream buyers became more cautious about elevated copper prices and showed weaker purchasing enthusiasm, further weighing on market demand.

A typhoon in Zhejiang also led to production constraints at some downstream motor enterprises, adding to the industry's challenges.