June 12 spot price of SMM copper

[SMM Brass Billet Flash] Looking ahead to next week (6.19-6.25), orders are expected to continue weakening. With high costs, weak demand, and raw material price inversion, fundamentals are unlikely to improve. SMM expects the brass billet operating rate to drop by another 1.18 percentage points WoW to 50.99% next week, keeping production in the sector under pressure.

[SMM Brass Billet Flash] According to SMM, as the Dragon Boat Festival holiday approached, some producers stockpiled modestly, and days of raw material inventories slightly rose to 3.67 days. However, supplies of secondary brass were tight, and enterprises had no strong motivation for large-scale restocking. End-user transactions remained mediocre, downstream cargo pick-up was slow, and days of finished product inventories increased to 5.41 days, intensifying the pressure to destock high inventories.