Premi Tembaga CIF China Naik, Kinerja Perdagangan Riil Lemah

[SMM Copper Billet Flash] Currently, the traditional off-season bearish factors still dominate the market. The downstream brass sector lacks concentrated stockpiling benefits, and end-user wait-and-see sentiment is re-emerging. Combined with high raw material prices continuously constraining enterprises' production flexibility, SMM expects the operating rate of the brass billet industry to pull back 0.65 percentage points WoW to 50.15% next week. Industry production will remain under pressure at low levels, with no trend improvement in the short term.

[SMM Copper Billet Flash] According to SMM data, this week, days of raw material inventories at sample copper billet enterprises stood at 3.82 days, pulling back slightly WoW. Raw material consumption continued, restocking willingness remained weak, and the tight supply situation did not ease; days of finished product inventories were 5.16 days, and the pressure of finished product backlogs persisted.

[SMM Berita Kilat Billet Tembaga] Menurut SMM, sektor konsumsi akhir tradisional untuk kuningan masih lesu. Di sektor peralatan rumah tangga, perangkat keras perpipaan, katup, dan perlengkapan sanitasi, pengadaan di luar musim belum membaik, dan pertumbuhan pesanan baru masih kurang. Sebaliknya, billet tembaga menunjukkan kinerja yang sangat berbeda, dengan pesanan dari sektor seperti kendaraan energi baru (NEV), peralatan AI, serta elektronik dan kelistrikan menunjukkan ketahanan yang kuat, mengakibatkan diferensiasi pesanan yang jelas.