[SMM Brass Bar Flash News] As of the week ending March 27, the weekly CIF China quotation for US brass scrap had risen to $7,750/mt. Recycled brass raw materials prices continued to stay high, and overall spot availability in the market remained tight. High raw material costs made brass billet enterprises more cautious in their procurement strategies, with stockpiling willingness weakening significantly.

[SMM Analysis: Copper Prices' Center Shifts Upward, Supply of Secondary Copper Raw Material Increases] After a significant upward shift in the center of copper prices last Friday, they maintained sideways movement within the range of 78,500-79,500 yuan/mt this week, with a weekly decline of 100 yuan/mt. The price of bare bright copper in Guangdong remained within the range of 72,800-73,000 yuan/mt, showing an increase of 200 yuan/mt. Following the upward shift in the center of copper prices, many secondary copper rod enterprises indicated that the supply of secondary copper raw material in the market has recovered this week...

[SMM Analysis: Copper Prices Fluctuate Downward, Suppliers Unwilling to Stockpile Excessively] As of June 5, copper prices rose by 300 yuan/mt, with the price of bare bright copper in Guangdong also increasing by 300 yuan/mt. Amid the doldrums of copper prices this week, many suppliers of secondary copper raw materials adopted a "quick in, quick out" strategy to sell their goods. Consequently, secondary copper rod enterprises reported a continued improvement in raw material procurement compared to WoW. Moreover, as the delivery date for orders approached, the destocking speed of raw materials at secondary copper rod enterprises accelerated...

【SMM Analysis: Copper Prices Rebounded, Secondary Copper Raw Material Suppliers Sold at High Prices】During the week, the center of copper prices shifted upward, with an increase of 1,400 yuan/mt. The price of bare bright copper in Guangdong rebounded to 71,800-72,000 yuan/mt, up 900 yuan/mt. After the temporary easing of the U.S.-China trade war, copper prices were restored, and secondary copper raw material suppliers were also willing to sell inventory secondary copper raw materials to replenish cash flow. According to the weekly raw material inventory data of secondary copper rod sample enterprises, the raw material inventory of secondary copper rod enterprises this week was 4,650 mt, up 500 mt WoW...

【SMM Analysis: Copper Prices Consolidate with Suppliers Maintaining Low Shipments】 This week, copper prices fluctuated rangebound between 75,500-76,500 yuan/mt, while the price of bare bright copper in Guangdong also hovered between 70,600-71,000 yuan/mt. According to the person in charge of a secondary copper raw material yard interviewed, after the rebound in copper prices ended, some secondary copper raw material inventories remained in a loss-making state, and therefore, they would not consider selling too much of the secondary copper raw material inventory...

[SMM Analysis: Copper Prices Jump Initially and Then Pull Back, Suppliers Stand Firm on Quotes] Copper prices rose first and then fell this week. As of Thursday's close, copper prices increased by only 10 yuan/mt. However, bare bright copper prices in Guangdong showed strong performance, rising by 400 yuan/mt, with Thursday's transaction prices ranging from 74,400 to 74,600 yuan/mt. Suppliers of secondary copper raw materials still insisted on large-scale shipments only after copper prices reached 83,000 yuan/mt. Therefore, when copper prices pulled back, suppliers generally chose to stand firm on quotes for shipments...