Today's SMM data showed that the spot price of brass billet remained unchanged from yesterday. Despite the narrowing fluctuations in copper prices this week, downstream companies remained cautious in their purchase willingness, with most maintaining on-demand restocking, and market sentiment was dominated by a wait-and-see attitude. Brass billet companies reported limited new orders this week, with some reducing their operating rates in response to weak demand. SMM believes that current consumption has not shown significant recovery, coupled with unclear copper price trends, the brass billet market may continue to operate in the doldrums in the short term.