[SMM Price] April 8, 2020 Golden Dragon Brass Bar Price

[SMM Brass Billet News Flash] According to SMM, disrupted by factors such as invoice issues, the supply of recycled brass raw materials remained tight, and brass billet enterprises' raw material inventory continued to decline. Meanwhile, enterprises became more cautious in taking orders due to concerns about inability to deliver on time.

【SMM Copper Cathode Rod News】Inventory: Raw material inventory declined as enterprises restocked only on an as-needed basis without concentrated restocking after the holiday. Finished product inventories saw slight destocking as warehouse withdrawals outpaced restocking due to the holiday market closure and equipment maintenance. SMM expects enterprises to resume normal production after the holiday, with operating rates up 3.07 percentage points WoW. However, elevated copper prices are suppressing procurement, and operating rates still face the risk of falling short of expectations.

[SMM Flash de Notícias sobre Tarugos de Latão] Olhando para a próxima semana (8-14 de maio), à medida que o impacto do feriado se dissipa, a SMM espera que a taxa de operação do setor recupere 7,73 pontos percentuais em relação ao mês anterior, para 52,4%. No entanto, a julgar pelo feedback de captação de encomendas das empresas, o setor entrou gradualmente na tradicional época baixa, e os níveis operacionais dificilmente voltarão aos patamares anteriores ao feriado.