The Asian Copper Wire market experienced significant challenges in November, with prices falling in Chinese and Thai markets due to a combination of economic, geopolitical, and industrial factors. The election of Donald Trump as US president and potential tariff impositions created additional market uncertainty, exerting substantial downward pressure on Copper Wire prices. Weak domestic demand, geopolitical instabilities, and challenges in key industries like electronics and automotive further contributed to the market's downturn.

In Thailand, Copper Wire prices fell by 1.2%, reflecting broader market challenges. The nation’s Copper Wire supply network, deeply connected with Asian markets, particularly China and Japan, has been navigating a challenging economic landscape. Despite maintaining a robust manufacturing industry, Thailand's electronics and automotive sectors are encountering substantial obstacles. The decline comes against a backdrop of multiple interconnected challenges. Global trade tensions, geopolitical instabilities, and difficulties in the Western electric vehicle sector have created a cautious investment environment. The Thai electronics sector is experiencing a notable decline, further compounded by international market pressures. Adding to the market complexity, the Thai industry minister's comments about domestic wire manufacturers not meeting international safety standards have further dampened investor confidence. The supply-side fundamentals remain relatively stable, but demand patterns have shown a distinctly weak trend during this period.

China mirrored Thailand's market trends, with Copper Wire prices dropping by 1%. Beijing's efforts to stimulate economic growth have been challenged by persistent market headwinds. Weak domestic demand, concerns over potential deflation, and the ongoing downturn in the real estate sector have contributed to the price pressures. The global economic landscape has been significantly influenced by geopolitical developments, including the election of Donald Trump as US president. The surge in the dollar's value has cast a pessimistic shadow over Copper Wire and other industrial commodities. Potential US tariffs and dollar fortification have created additional downward pressure on Copper Wire prices, potentially impacting worldwide commodity demand. Current global copper inventories remain high, indicating weak demand not just in China but across various regions. Despite the steadiness of Chinese exports, forecasts suggest a potential decline. This prediction is driven by increased tariffs and China's recent elimination of export tax rebates for copper goods. Chinese manufacturers have played a crucial role in maintaining supply chain stability, particularly after completing essential smelter maintenance. However, the market remains volatile, with investors closely monitoring global trade developments.

Going forward, the Copper Wire market is projected to rebound, influenced by a mix of political and economic elements. Beijing's surprising decision to halt export tax rebates, coupled with the volatile US dollar and a spike in demand as the year concludes, are expected to catalyze notable changes in the market dynamics. According to ChemAnalyst, this confluence of factors is set to drive a steady escalation in Copper Wire prices in the near term.