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Terminals "Rush to Export" to Boost Enamelled Wire Orders [SMM Weekly Review]

  • Dec 26, 2024, at 3:14 pm

       December 26 News:  According to SMM, influenced by year-end factors and copper prices, new orders in the enamelled wire industry saw a slight WoW decline this week. However, demand for enamelled wire from the end-user home appliance industry remained positive. Feedback from some companies indicates that due to downstream concerns over potential increases in export tariffs next year, there has been a notable "rush to export" recently, leading to better-than-expected performance for enamelled wire. Overall, industry orders for enamelled wire are moderate at present, though some enamelled wire companies experienced a decline in new orders this week as the year-end approaches.

 

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