[SMM Price] April 8, 2020 Golden Dragon Brass Bar Price

[SMM Brass Billet News Flash] According to SMM, disrupted by factors such as invoice issues, the supply of recycled brass raw materials remained tight, and brass billet enterprises' raw material inventory continued to decline. Meanwhile, enterprises became more cautious in taking orders due to concerns about inability to deliver on time.

【SMM Copper Cathode Rod News】Inventory: Raw material inventory declined as enterprises restocked only on an as-needed basis without concentrated restocking after the holiday. Finished product inventories saw slight destocking as warehouse withdrawals outpaced restocking due to the holiday market closure and equipment maintenance. SMM expects enterprises to resume normal production after the holiday, with operating rates up 3.07 percentage points WoW. However, elevated copper prices are suppressing procurement, and operating rates still face the risk of falling short of expectations.

[SMM Noticias Flash sobre palanquillas de latón] De cara a la próxima semana (5.8-5.14), a medida que se disipa el impacto de las vacaciones, SMM prevé que la tasa de operación del sector repunte 7,73 puntos porcentuales intermensual hasta el 52,4%. Sin embargo, a juzgar por los comentarios de las empresas sobre la captación de pedidos, el sector ha entrado gradualmente en la temporada baja tradicional, y los niveles operativos difícilmente volverán a los niveles previos a las vacaciones.