[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 Brass Billet News Flash] En perspective de la semaine prochaine (5.8-5.14), à mesure que l'impact des vacances s'estompe, SMM prévoit un rebond du taux d'utilisation du secteur de 7,73 points de pourcentage en glissement mensuel, à 52,4 %. Cependant, à en juger par les retours des entreprises sur les prises de commandes, le secteur est progressivement entré dans la basse saison traditionnelle, et les niveaux d'exploitation auront du mal à retrouver leurs niveaux d'avant les vacances.