What are the reasons for the decline in aluminum wire prices?

1. Decline in raw material costs: The price of aluminum wire is affected by the price of raw materials such as aluminum ingots. If the cost of raw materials falls, the price of aluminum wire will fall.

2. Oversupply: If the supply of aluminum wire in the market is too large and the demand is relatively small, the price will fall.

3. Macroeconomic environment: Economic recession or unstable macroeconomic environment will lead to a decline in demand in major demand industries such as construction and manufacturing, which will lead to a decline in aluminum wire prices.

4. Decline in export market demand: If the demand for aluminum wire in foreign markets declines, it will also affect the price of aluminum wire.

5. Technological progress: The application of new production technologies and processes may reduce the production cost of aluminum wire, resulting in a drop in prices.

In summary, the reasons for the decline in aluminum wire prices mainly include factors such as falling raw material costs, oversupply, macroeconomic environment, decline in export market demand, and technological progress.