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Looking ahead to next week, with the center of copper prices continuing to decline, SMM expects a slight boost in consumer demand. However, it should be noted that the drop in copper prices has led some suppliers to hold back cargoes, which will pose difficulties for enterprises in procuring raw materials and subsequently affect the extent of the rebound in operating rates. Overall, SMM expects the weekly operating rates of brass billet producers to increase by 0.64 percentage points MoM to 49.51% next week.
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