Fire at Freeport Indonesia's Gresik Smelter Halts Production, Amidst Geopolitical Tensions LME Copper Prices Dip Below $9,600
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Operating rates of copper billet producers are expected to rebound slightly next week
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[SMM Brass Billet Flash] Looking ahead to next week (9.4-9.10), copper prices are likely to consolidate at highs in the short term, but downstream rigid demand orders are expected to see a slight release after low-priced cargoes are gradually digested. SMM expects the operating rate to rebound slightly to 49.06%, up 0.57 percentage points MoM.
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Copper prices consolidate at highs with strong downstream wait-and-see sentiment, operating rate continues to edge down
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[SMM Brass Rod Flash] This week (8.28-9.3), the operating rate of SMM brass rod sample enterprises was 48.49%, down 0.06 percentage points WoW. Copper prices continued to consolidate at highs, end-user wait-and-see sentiment remained strong, downstream orders lacked momentum, and the operating rate continued to edge down.
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![Copper Prices Consolidate at Highs, Downstream Sentiment Cautious, Operating Rate Continues to Edge Down [SMM Brass Billet Market Weekly Review]](https://imgqn.smm.cn/usercenter/JYzFE20251217171714.jpeg)
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Copper Prices Consolidate at Highs, Downstream Sentiment Cautious, Operating Rate Continues to Edge Down [SMM Brass Billet Market Weekly Review]
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