Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals

[SMM Brass Billet News Flash] According to SMM, the tight supply of imported secondary brass remains difficult to ease significantly. Prices fluctuating at highs will continue to squeeze enterprise profit margins, and brass billet enterprises maintain low raw material inventory levels.

[SMM Brass Billet News Flash] According to SMM, China's copper billet industry is expected to gradually enter the traditional consumption off-season in May. Downstream demand from sectors such as refrigeration and home appliances is expected to weaken further, and orders from traditional markets such as sanitary ware and hardware are unlikely to see significant improvement.

[SMM Brass Billet News Flash] According to SMM, copper billet enterprises saw moderate order performance in early April, with orders from sectors such as home appliance heat dissipation and power supporting equipment sustaining production. However, entering late April, end-use demand from downstream weakened notably, compounded by multiple factors, resulting in insufficient production momentum among enterprises.