[SMM Analysis: Weekly Operating Rates of Wire and Cable Enterprises Decline More Than Expected, No Chance Left for Chinese New Year?]
This week (January 3-9), the operating rate of SMM copper wire and cable enterprises stood at 69.31%, down 8.59 percentage points MoM and 9.1 percentage points YoY (compared to January 5-11, 2024), falling short of the expected operating rate by 9.24 percentage points. According to SMM, the market demand backlog caused by payment cycle issues before New Year’s Day has not been resolved as we enter 2025…
This week (January 3-9), the operating rate of SMM copper wire and cable enterprises stood at 69.31%, down 8.59 percentage points MoM and 9.1 percentage points YoY (compared to January 5-11, 2024), falling short of the expected operating rate by 9.24 percentage points. According to SMM, the market demand backlog caused by payment cycle issues before New Year’s Day has not been resolved as we enter 2025…
