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  High Copper Prices Suppress Orders, Operating Rate Rebounds Limited [SMM Enamelled Wire Market Weekly Review]

  The impact of the National Day holiday has largely subsided, and the operating rate in the enamelled wire industry rebounded by 3.87 percentage points this week, reaching ...

• Operating Rates Rebound Post-Holiday, Inventory Remains Low Amid High Copper Prices [SMM Brass Billet Market Weekly Review]

• Last Week (10.13-10.17) Overseas Lithium Highlights [SMM New Energy Overseas Weekly Highlights]

• Magnesium Market Supply Pressure Persists, Demand Divergence Evident [SMM Magnesium Morning Meeting Summary]

  [SMM Magnesium Morning Session Summary: Persistent Supply Pressure and Divergent Demand in the Magnesium Market] The magnesium market remained in the doldrums today, with Fugu magnesium ingot offers at 16,150-16,250 yuan/mt and FOB quotes at $2,310-2,350/mt, keeping prices under pressure. Supply-side pressure was significant, as production resumptions at multiple magnesium plants intensified bearish market sentiment. Demand-side performance diverged, with magnesium alloys maintaining relative strength supported by the automotive industry, but half of the enterprises, having entire industry chain layouts, provided limited boost to the primary magnesium market. New foreign trade orders shrank noticeably, with most inquiries being for forward deliveries in 2026. The magnesium powder market continued its gradual decline, stable in domestic trade but weak in foreign trade. The market was expected to maintain an inventory buildup trend in Q4, with prices still facing downward pressure.

• Japan, the West, and South Korea Report Continued Decline in TC/RC, LME Copper Slightly Lower Overnight [SMM Copper Morning Meeting Minutes]

  SMM Morning Meeting Minutes: LME copper opened at $10,560.5/mt overnight, initially touched a low of $10,490/mt, then copper prices rose all the way to a high of $10,659.5/mt near the end of the session, and finally closed at $10,620/mt, up 0.42%, with trading volume reaching 20,000 lots and open interest reaching 320,000 lots. The most-traded SHFE copper 2512 contract opened at 84,530 yuan/mt overnight, initially touched a low of 84,510 yuan/mt, then fluctuated upward to a high of 85,430 yuan/mt, and finally closed at 85,140 yuan/mt, up 0.09%, with trading volume reaching 55,000 lots and open interest reaching 216,000 lots.