Copper Pipe & Tube Imports Decline in October 2024, While Exports Rise

[SMM Brass Billet Flash] According to SMM, the current tight supply of secondary brass remains unchanged, raw material prices stabilize at highs, and processing profit margins continue to be squeezed. This week, days of raw material inventories at sampled enterprises stood at 3.52 days, remaining low. However, downstream buyers mainly made just-in-time procurement, with weak willingness to restock proactively, and finished product inventory destocking was hindered once again. This week, days of finished product inventories at sampled enterprises stood at 5.11 days.

[Экспресс-обзор SMM по латунной заготовке] В перспективе на следующую неделю (9.04–9.10) цены на медь, вероятно, в краткосрочной перспективе будут консолидироваться на высоких уровнях, однако ожидается, что заказы жесткого спроса со стороны переработчиков немного вырастут после постепенного поглощения дешевых партий. SMM прогнозирует, что коэффициент загрузки незначительно восстановится до 49,06%, увеличившись на 0,57 процентного пункта по сравнению с предыдущим месяцем.

[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.