Surging input costs and a rebound in end-use sectors drove a notable upswing in China’s brass rod market, reshaping pricing dynamics through March.
Key Takeaways
-
Brass rod prices rose sharply due to a combination of raw material shortages and rising input costs, particularly copper and zinc.
-
March saw improved demand from key sectors, including automotive and construction, helping lift brass rod order volumes compared to February.
-
Post-Spring Festival production resumption and government-backed infrastructure acceleration contributed to stronger demand for brass rods.
Brass rod prices in China witnessed a massive surge in March as prices of raw material increased and demand from the downstream industries improved. Brass rod manufacturers reported a rise in March order volumes compared to February, amid persistent shortage of raw materials. This has left manufacturers feeling the pinch, with many now shifting the burden of higher costs to consumers.
In March of this year,...
