Chinese New Year Holiday Approaches, Brass Billet Operating Rate Pulls Back MoM
[SMM Brass Billet Express] This week (February 6–February 12), the operating rate of the brass billet industry fell 6.09 percentage points MoM to 40.31%, and production activity pulled back. As the Chinese New Year holiday approached, new orders from downstream sectors cooled significantly, and enterprise production pace continued to slow down. The industry will fully enter holiday mode next week, and the operating rate is expected to drop to 0%. Attention will be paid to post-holiday work resumption and demand recovery.