SMM

       This week, the operating rate of enamelled wire industry machines has recovered to 87.4%, a WoW increase of 0.37%. Regarding orders, new orders this week saw a slight increase WoW, with daily order volumes for some companies approaching peak season levels. End-use demand growth was mainly driven by home appliances, auto parts, and power transformers, while demand for industrial motors and two-wheelers was less promising. March is traditionally the peak season for the enamelled wire industry, and current orders indicate particularly strong growth momentum in the home appliance sector. According to related enamelled wire companies, orders are now scheduled until late March, with production schedules well-filled. Driven by robust demand from the home appliance sector, the enamelled wire industry’s order volume in March is expected to remain at typical peak season levels.