Main sea freight index at Baltic Exchange remains steady at 870 points

[SMM Brass Billet News Flash] Looking ahead to next week (5.8-5.14), as the impact of the holiday fades, SMM expects the industry operating rate to rebound 7.73 percentage points MoM to 52.4%. However, judging from enterprise order-taking feedback, the industry has gradually entered the traditional off-season, and operating levels will be difficult to restore to pre-holiday levels.

[Resumo SMM de Tarugos de Latão] Esta semana (1-7 de maio), a taxa de operação da indústria de tarugos de latão foi de 44,67%, uma queda de 7,89 pontos percentuais em relação à semana anterior. Afetada por múltiplos fatores, incluindo cortes de produção por parte de algumas empresas durante o feriado do Dia do Trabalho (1-2 dias de folga), fraqueza nos novos pedidos e preços persistentemente elevados das matérias-primas, a taxa de operação recuou significativamente esta semana.

【SMM Copper Cathode Rod News Flash】The operating rate of copper cathode rod producers fell 5.77 percentage points WoW to 60.58% this week. The extended Labour Day holiday and production cuts put pressure on operations. After the holiday, copper prices rose but downstream orders remained stable. Orders in the wire & cable and enamelled wire industries were steady after the holiday, with operating rates pulling back notably.