Wire and cable companies generally cut production in January

According to a survey conducted on 21 domestic wire and cable companies on January 4, the results showed that as many as 95% of wire and cable companies indicated that orders for January would be reduced, and the impact of New Year holidays and Spring Festival holidays was the main factor.

Specifically, near the end of the year, the progress of most projects has slowed down. The demand for both power lines and electronic lines and engineering lines has been declining. Even large-scale power cable companies that maintain high operating rates during the year think that in January, Orders will be reduced. Moreover, although companies are still optimistic about the demand for power cables in 2012, the change in demand for wires is not clear, and the uncertainty in copper prices is obvious. Therefore, there are not many enterprises that have produced goods in advance.

Only 5% of the companies indicated that the cable orders in January will remain stable, mainly due to the demand for downstream reserve libraries.