【Brass Rod Market "Peak Season Not Peaking"】The traditional minor peak season in March 2025 underperformed expectations. According to company feedback, except for the refrigeration sector maintaining seasonal demand, major application areas such as hardware and bathroom fixtures remained sluggish. Affected by volatile copper prices, downstream stocking is currently cautious, and dealers generally operate with low inventory. Additionally, due to weak post-real estate cycle demand and current export pressures, most companies have conservative expectations for the April market. The industry may continue to exhibit a "weak peak season" characteristic in H1.