Copper prices fluctuate, triggering a wait-and-see sentiment; the market for copper rods mainly transactions driven by immediate demand.

According to SMM, affected by price fluctuations, copper rod companies mostly adopt a buy-the-dip strategy at the raw material end to control procurement costs; downstream companies maintain a demand-based procurement pace, with a relatively cautious attitude towards delivery. Ningbo, as a major domestic brass rod production area, maintains a steady production and shipment rhythm, and the market trading atmosphere is fair, but the wait-and-see sentiment has increased. Due to the tight supply of recycled brass raw materials, brass rod companies’ raw material inventory remains at a moderate level of 4.4 days; finished product inventory has slightly risen to 5.25 days due to slowed downstream delivery.