Copper prices rebounded today, while brass billet prices remained stable. On the first day after the holiday, the volume of new orders received by brass billet enterprises decreased by approximately 15% YoY. Downstream industries such as mechanical manufacturing and hardware processing primarily consumed their pre-holiday stockpiled inventory, leading to a significant slowdown in procurement pace. Brass billet enterprises indicated that the current market sentiment is characterized by strong wait-and-see attitudes, with downstream enterprises still having doubts about the trend of copper prices. It is expected that brass billet prices will continue to fluctuate rangebound in the short term.