Raw material inversion and slowing demand, the operating rate of brass rods continues to decline

This week (April 17 - April 23), the operating rate of the brass rod industry is 52.91%, down 0.77 percentage points month-on-month. Copper prices fluctuate at high levels, with companies largely relying on existing orders to maintain operations, while new orders remain weak; at the same time, recycled brass raw materials are tight, and the phenomenon of price inversion is prominent, putting significant cost pressure on rod manufacturers. Looking at different categories, demand for high-precision products remains relatively stable, while shipments of standard specifications have slowed, leading to a slight accumulation of finished product inventory in brass rod companies. (Shanghai Nonferrous Metals Network)