China's wire and cable industry began to recover from August

According to industry sources, the copper demand for copper cables in China slightly improved in August. This is the first signal that the Chinese government’s infrastructure expenditure plan may boost the wire and cable industry.

Chinese cable makers pointed out that China's largest cable buyer, State Grid, has seen an increase in the number of tenders this summer. According to industry sources, the State Grid has increased the volume of tenders in the past two months, especially in August. According to Shanghai Nonferrous Network, the capacity utilization rate of copper cable makers jumped to 78.7% at the end of August, up 10% from July.

The A-share listed companies in the cable industry mainly include Wanma Cable, Zhongchao Cable, Sun Cable, and Sanpu Pharmaceutical.