Temporary Rebound in Operating Rates of Brass Billet Producers Fails to Reverse Sluggishness

Published: Jun 12, 2025 23:41

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According to data from SMM, the operating rates of brass billet producers increased slightly by 0.13% MoM to 52.01% this week, indicating a slight rebound in production. However, this was mainly due to the exclusion of the Dragon Boat Festival holiday factor. After excluding the holiday disturbance, the weak downstream demand remained significant: orders in the home appliance market showed signs of accelerating weakness, with small and medium-sized producers reducing procurement volumes due to sluggish end-use consumption, and large enterprises also slowing down their production schedules due to inventory turnover pressures. The finished product inventories accumulated by most enterprises in the early stage have not yet been fully digested, and enterprises remain cautious about raw material procurement, refraining from stockpiling in large quantities. SMM samples show that the days of raw material inventories decreased by 0.36 days MoM to 4.47 days this week, while the days of finished product inventories decreased by 0.19 days MoM to 6.73 days.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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