SMM

​​​​​​​Wire and cable: Wire and cable orders last week did not change much compared with the prior week, but new orders improved at the week’s end after the copper prices fell. The growing demand from the real estate sector has not yet been fully transmitted to the cable sector, resulting in low orders for civilian cables. However, some enterprises reported that the orders for medium and low voltage cables picked up at the end of the week, and the consumption of civilian cables also improved from the previous week. Bidding orders from the State Grid in April decreased from March, and the delivery volume was also lower than expected, giving little boost to the demand for cables.