Daily Updates on SHFE Base Metals and Stainless Steel Warrants

As the Chinese New Year break approaches, the holiday schedules and production plans of enamelled wire enterprises have been largely finalized. SMM has surveyed multiple enamelled wire manufacturers, and the results are summarized as follows:

[SMM Brass Billet Bar] Regarding post-holiday production resumptions, brass bar enterprises generally expect a slow recovery in market demand. In the initial phase of production resumptions, the focus will be on digesting existing inventory and fulfilling a small number of orders. Large-scale raw material procurement and production are expected to be postponed until after the Lantern Festival.

[2026 Brass Bar Chinese New Year Break Arrangements] The break period is generally extended, with significant differences in scale: According to SMM, most brass billet enterprises plan to take a break from February 7 to February 12, and will resume production gradually on February 24 (the eighth day of the first lunar month). The break duration generally ranges from 12 to 17 days, longer than last year YoY.