Commodities
Copper Price Retreat Triggers Order Release in China's Brass Billet Market
Copper prices retreated from highs this week (9.11-9.17), easing pressure on downstream orders and prompting the release of wait-and-see orders.
The operating rate of SMM brass billet sample enterprises rebounded beyond expectations, rising to 48.74%, up 1.28 percentage points WoW.
With copper prices pulled back, the pattern of downstream making only just-in-time procurement improved, and finished product destocking accelerated.