Year-end delivery of backlog orders supports China’s aluminium wire and cable operating rate, bringing it 1.27% higher M-o-M
The comprehensive operating rate of China’s domestic aluminium wire and cable industry in November 2024 saw a month-on-month increase of 1.27 per cent and a year-on-year hike of 10.36 per cent, nearing 60 per cent.
The operating rate increased without being impacted by temperature on power grid construction. Instead, resilient demand for distribution network order pickups supported the operating rate. Additionally, the effort behind completing the delivery tasks by year-end ramped up the operations.
According to the Shanghai Metals Market, the operating rate precisely stood at 59.96 per cent, demonstrating a growth driven by large enterprises with an operating rate of 70.11 per cent. The medium-sized and small enterprises illustrated 56.32 per cent and 40.68 per cent operating rates, both witnessing 0.86 per cent and 5.08 per cent rise.
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