Data: SHFE, DCE market movement (Mar 05)

Jin Chengxin announced that the company had undertaken the underground copper system development works (Section II) for the -578 m level and -678 m level of Jiangxi Copper Corporation Group Yinshan Mining Co., Ltd. The contract was a lump-sum contract, with a signing amount of approximately 166 million yuan (excluding tax). The total contract duration was 1,651 calendar days, and it was expected to run from March 5, 2026 to September 10, 2030.

[SMM Brass Bar Flash] In March, as downstream small and medium-sized enterprises gradually resumed operations after the Lantern Festival, the operating rates of brass billet producers were expected to see a restorative increase. SMM expected the operating rate in March to rise 22.88 percentage points MoM to 45.66%.

[SMM Brass Bar Flash] In February, the brass bar market showed a pattern of “stagnation before the holiday and a slow recovery after the holiday.” Most enterprises suspended production at the beginning of the month. As of the end of February, some brass bar enterprises had still not resumed production, while downstream sectors such as valves and sanitary hardware also resumed operations slowly, with goods pick-up lagging, resulting in a slight buildup of finished product inventories at copper billet enterprises.