[SMM Analysis: Weekly Operating Rates of Wire and Cable Enterprises Decline for Six Consecutive Weeks, Strong Festive Atmosphere Ahead of Chinese New Year] This week (1.10-1.16), the operating rate of SMM copper wire and cable enterprises stood at 60.94%, down 8.37 percentage points MoM and 11.04 percentage points YoY (24.1.12-24.1.18), falling short of the expected operating rate by 2.37 percentage points. According to SMM, most enterprises saw workers gradually returning to their hometowns this week, while order placements from end-user enterprises weakened significantly, with only a few enterprises…
