April 21 quotation of scrap copper in Tianjin area

【SMM Copper Cathode Rod Flash】This week, the operating rate of copper cathode rod producers edged down 2.13 percentage points. Some producers voluntarily implemented production cuts, lowering current-period operating rates. On Thursday, copper prices fell sharply, prompting downstream companies to concentrate on fixing prices and restocking. Orders doubled, but deliveries were scheduled for next week. Orders for wire & cable and enamelled wire also recovered.

[SMM Brass Billet Flash] This week (June 19-25), operating rates of brass billet producers came in at 50.73%, down 1.44 percentage points WoW, largely in line with earlier expectations. Overall end-use demand remained weak in the off-season this week. Procurement paces from home appliance, hardware, and sanitary ware sectors continued to slow. Most enterprises relied solely on existing orders on hand to sustain production, and overall market transactions were sluggish. Only after copper prices fell rapidly near the end of the week did some downstream users' wait-and-see sentiment ease slightly, leading to a concentrated release of a small amount of rigid-demand orders. However, the incremental increase was limited and could not reverse the overall weak order pattern.