[SMM Analysis: Operating Rates of Copper Wire and Cable Enterprises Declined as Expected This Week, Current Levels Are Expected Not to Have Hit Bottom Yet] This week (12.20-12.26), the operating rate of SMM copper wire and cable enterprises stood at 82.32%, down 4.42 percentage points MoM, only 0.46 percentage points higher than the same period last year, and merely 0.16 percentage points above the expected operating rate. This week, new orders and production of copper wire and cable enterprises declined as expected, with downstream demand showing seasonal weakness. Most enterprises…
