Prices for aluminium wire in China surged through March as strong downstream demand and logistics disruptions tightened availability. Early in the month, steady conductor call-offs and firm wiring-loom orders supported domestic offtake, while mid-month geopolitical tensions in the Middle East led to rerouted shipments and longer transit times, prompting opportunistic restocking by regional buyers. Producers widened premiums and held firm offers as inventories stayed thin, and late-month data showed processing margins improving alongside rising export enquiries. These combined factors set the stage for a sustained price re-rating heading into the new quarter, reinforcing bullish sentiment across the aluminium wire market.
Demand from power utilities, automotive manufacturers and export-oriented infrastructure projects kept physical offtake strong, reinforcing the sharp rise in aluminium wire prices. State Grid’s March UHV tender schedule sustained steady conductor call-offs, while wiring-loom and EV harness producers reported healthy order books that continued to absorb aluminium...
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