[SMM price] the discount on the rise of copper cash in Shanghai market on July 7th (the first period)

As of 24:00 on August 23, the four major DC transmission projects—Yindong, Lugu, Zhaoyi, and Qingdong—had cumulatively transmitted more than 1 trillion kWh of electricity from outside the province to Shandong, reaching 1,002.29 billion kWh, and had played an important role in ensuring energy security and advancing the green and low-carbon transition.

In the first seven months of this year, China's total social logistics value reached 214.5 trillion yuan, up 5.0% YoY. It maintained stable growth, and the demand structure improved. The growth rate of total import logistics volume stabilized, and the goods mix showed notable divergence. In the first seven months, total import logistics value was up 1.8% YoY, and import logistics volumes of high-tech products and mechanical and electrical products continued to grow rapidly.

[SMM Brass Billet Flash] According to SMM, recycled brass raw materials remain scarce and expensive, downstream new orders for brass billet are limited, and overall market trading is weak.