Secondary Brass Supply Situation Remains Tight Despite Copper Price Decline

The tight supply situation of secondary brass has not shown any significant improvement yet. Although copper prices have pulled back, raw material prices remain high. According to data from SMM Brass Billet News, sample enterprises' days of raw material inventories stood at 3.61 days, still at a low level.

Despite the decline in copper prices, some downstream end-users made small restocking purchases at lower prices, releasing rigid demand orders and driving a slight reduction in finished product inventories. This week, sample enterprises' days of finished product inventories stood at 4.96 days, pulling back slightly MoM.