For the Quarter Ending September 2025
North America
• In North America, the Brass Rod Price Index rose by approximately +2.4% quarter-over-quarter in Q3 2025, thanks to stable industrial demand and constrained supply of key alloys.
• Brass Rod Spot Price firmed as copper and zinc feed-stock tightness elevated mill input costs and limited discounting by producers.
• Brass Rod Price Forecast points to continued modest gains into Q4 2025, provided raw-material constraints persist and downstream demand remains solid.
• Brass Rod Production Cost Trend moved upward, driven by higher copper scrap values, elevated energy and freight charges, and tighter zinc alloy supply.
• Brass Rod Demand Outlook remains favourable across North America: strong consumption from construction plumbing/hardware, electrical connectors and automotive components supports the market.
• The Brass Rod Price Index was underpinned this quarter by inventory draws at service centres, tighter availability of premium lead-free brass grades and increased project procurement in building systems.
• Domestic mills operated at high utilisation, while import-dependent grades remained constrained, sustaining the Price Index at elevated levels.
Why did the price of Brass Rod change in September 2025 in North America?
• The Brass Rod Price Index increased in September as buyers accelerated purchases ahead of anticipated year-end specification changes (especially lead-free alloys), drawing down prompt inventories.
• Rising copper scrap premiums and freight/logistics inflation raised landed input costs, prompting mills to lift offering levels and support the Brass Rod Spot Price.
• Additionally, sustained demand from plumbing/hardware sectors and moderate restocking in the automotive supply chain reinforced upward pricing momentum despite broader macro-economic caution.
APAC
• In South Korea, the Brass Rod Price Index fell by 0.36% quarter-over-quarter, reflecting demand weakness.
• The average Brass Rod price for the quarter was approximately USD 7080.00/MT, FOB Busan level.
• Brass Rod Spot Price softened amid oversupply pressures, muted downstream buying pressured the Price Index.
• Brass Rod Production Cost Trend rose as copper and zinc tightness elevated mill cash costs.
• Brass Rod Demand Outlook stays muted amid automotive and construction slowdowns, infrastructure offers limited support.
• Brass Rod Price Forecast suggests modest variability contingent on raw material tightness and export demand.
• LME cancellations tightened local supply, supporting the Brass Rod Price Index despite weaker domestic procurement.
• Domestic mills operated near capacity, but export demand softness and inventory accumulation pressured spot bids.
Why did the price of Brass Rod change in September 2025 in APAC?
• Reduced downstream procurement and seasonal slowdown lowered demand, outweighing tighter raw material cost pressures locally.
• Copper and zinc tightness pushed production costs higher, while port delays and logistics raised prices.
• Export buyer caution and inventory destocking created selling pressure, partially offsetting supply-side cost increases recently.
Europe
• In France, the Brass Price Index rose by 1.82% quarter-over-quarter, reflecting tighter raw material supply.
• The average Brass price for the quarter was approximately USD 7665.33/MT, based on FOB Marseille.
• Brass Spot Price showed volatility as manufacturers absorbed higher input costs while maintaining order books.
• Brass Price Forecast points to oscillations driven by base metal availability and European demand recovery.
• Brass Production Cost Trend remains elevated due to firmer copper and zinc prices and energy.
• Brass Demand Outlook is balanced as construction weakness offsets resilient automotive and electrical equipment consumption.
• Inventory withdrawals and stronger export demand tightened Brass Price Index dynamics, supporting upward pricing pressure.
• Operational issues and logistical bottlenecks constrained shipments, keeping Brass Price Index firm through the quarter.
Why did the price of Brass change in September 2025 in Europe?
• Raw material shortages, notably copper and zinc, reduced mill flexibility and increased replacement cost pressures.
• Elevated energy and logistics costs with an unfavorable euro dollar exchange rate pressured manufacturing margins.
• Weak construction demand offset resilient automotive and electrical offtake, leaving net price movement modestly subdued.
For the Quarter Ending June 2025
North America
• At the start of the quarter, the Brass rod Price Index in North America posted a steady rise, reflecting ongoing supply tightness and firm industrial consumption.
• Despite higher input costs, the Brass rod Production Cost Trend remained elevated throughout the quarter driven by constrained copper and zinc feedstock, volatile metal prices, and energy inflation that squeezed manufacturing margins.
• Even with rising production costs, the Brass rod Demand Outlook remained bullish: demand surged from construction, including infrastructure and electrical projects—and growing use in electric vehicle components across the region.
• Through mid quarter, the interplay of limited material supply and buoyant industrial demand pushed the Brass rod Price Index upward, particularly in U.S. markets where treatment charges rose alongside falling LME copper stocks.
• By the end of the quarter, supply-side constraints, including persistent copper and zinc shortages—and robust downstream purchase activity supported a firm Brass rod Price Forecast, indicating that prices were expected to remain strong absent any easing in raw-material availability
Why did the Boron price change in July 2025 in North America?
Based on data in mid July 2025, the Brass rod Price Index increased further. This was driven by rising brass and copper scrap pricing, with red and yellow brass scrap climbing alongside copper market strength, reflecting continuing raw-material pressure and tight supply dynamics
APAC
• Brass rod Price Index in the APAC region rose by roughly 9.2% quarter on quarter from Q1 to Q2 2025, signalling a tightening supply demand balance compared to the prior quarter.
• Brass rod Production Cost Trend: At the start of the quarter, production costs began trending upward as copper and zinc shortages tightened raw material availability particularly in South Korea, where copper stocks fell 2% in April, then plunged 31.4% in May, and declined further in June. Elevated energy costs and global logistic bottlenecks compounded cost pressures throughout the quarter.
• Strong demand from key markets especially India's booming construction sector and continuing demand from China and the U.S. helped sustain elevated Brass rod Demand Outlook, as infrastructure development and automotive growth supported consumption through the quarter despite input constraints.
• Supply constraints in South Korea intensified through Q2 as raw material shortages forced reduced operating rates. This tightening supply, together with resilient downstream demand, supported upward momentum in the price index, consistent with the observed quarterly increase.
• Unless material supply bottlenecks ease or raw material inventories rebuild, Brass rod Price is expected to maintain upward pressure in the near term; medium to long term trends remain bullish due to ongoing infrastructure and industrial demand across APAC and globally.
• By the end of the quarter, warehouse inventories remained tight; no major logistical disruptions occurred, which helped preserve the elevated price levels established during the quarter.
Why did the Boron price change in July 2025 in Asia?
The Brass rod Price Index further increased in early July - a rise compared to average Q2 levels, indicating a continued tight supply and sustained global demand.
Europe
• At the start of the quarter, the Brass rod Price Index in Europe rose approximately +6.5% quarter on quarter, reflecting tightening raw material supply and solid downstream demand.
• Constraints on copper and zinc availability drove the Brass rod Production Cost Trend upward as LME copper inventories fell sharply (18 %) and zinc stocks declined, raising smelters’ input costs and pressuring margins
• Despite elevated production costs, the Brass rod Demand Outlook remained robust across the region: demand from automotive, construction, electrical equipment, plumbing components, and infrastructure projects sustained order levels throughout the quarter.
• The interplay of constrained raw material supply and resilient industrial consumption lifted the Brass rod Price Index through mid quarter, pushing spot prices upward notably in Italy and France, with Italy seeing around 1.4 % month on month gains.
• By the end of the quarter, prices for brass rod in Europe settled around USD 7,364/MT FOB Marseille, with the Brass rod Price Forecast pointing to continued firmness unless raw material pressures ease significantly
Why did the Boron price change in July 2025 in Europe?
Based on data as of July 24–25 2025, the Brass rod Price Index in Europe increased further by in July, driven by persistent copper and zinc feedstock tightness and still strong industrial demand reinforcing limited supply turnaround
For the Quarter Ending March 2025
North America
• The Brass Rod Price Index in North America posted a steady increase throughout Q1 2025, supported by robust demand and tightening global supply.
• The Brass Rod Spot Price in the U.S. climbed quarter-on-quarter, influenced by reduced LME copper warehouse stocks and higher treatment charges.
• Energy cost inflation and geopolitical issues disrupted manufacturing networks, adding to upward pricing pressure.
• On the supply side, copper availability was constrained, while zinc inventories fell significantly, raising supply risk concerns.
• Demand surged across U.S. construction subsectors, particularly for infrastructure and electrical applications.
• Electric vehicle (EV) production also fueled increased consumption due to brass’s widespread use in connectors and components.
• Why did the price change in Europe in April 2025? Prices were high, driven by ongoing raw material shortages and strong downstream demand in infrastructure and EV segments.
• The Brass Rod Production Cost Trend remained elevated due to volatile metal prices and high energy expenses.
• The Brass Rod Demand Outlook for Q2 2025 is bullish, with continued strength from the construction and EV manufacturing sectors.
• The Brass Rod Price Forecast for North America points to sustained firmness unless copper and zinc supply pressures ease.
Europe
• The Brass Rod Price Index in Europe inclined consistently throughout the first quarter of 2025, influenced by persistent supply constraints and solid industrial demand.
• The Brass Rod Spot Price in France settled by the end of Q1 at USD 7,364/MT FOB Marseille, reflecting a 1.6% Q-o-Q increase from last quarter of 2024.
• LME copper inventories fell by 18% to 213,275 tons, while zinc stocks also declined, tightening raw material inputs for producers.
• Higher production costs and reduced concentrate throughput added to pricing pressure, particularly in Western Europe.
• Demand remained firm, led by the automotive sector (increased car registrations in Italy) and ongoing construction activity across the region.
• Why did the price of Brass Rod change in April 2025 in Europe? Prices were high, supported by limited base metal availability and elevated operating costs across the region.
• The Brass Rod Production Cost Trend remained on the rise due to energy market volatility and raw material shortages.
• The Brass Rod Demand Outlook for Q2 stays positive, with downstream sectors signaling sustained activity, especially in automotive and plumbing components.
• The Brass Rod Price Forecast indicates continued upward momentum unless supply disruptions ease significantly.
Asia-Pacific (APAC)
• The Brass Rod Price Index in APAC showed mixed movement in Q1 2025, with early-quarter declines followed by a sharp rebound in March.
• The Brass Rod Spot Price in China ended Q1 2025 at USD 7,069/MT Ex-Shanghai, reflecting a 6.6% decline QoQ compared to Q4 2024.
• Prices initially dropped due to cautious buyer sentiment, high copper costs, and conservative inventory strategies.
• Mid-quarter saw some supply stabilization with steady copper and zinc availability, although profit margins remained tight.
• A late-quarter price surge was fueled by government stimulus, post-holiday industrial recovery, and booming demand in construction and automotive sectors.
• Why did the price of Brass Rod change in April 2025? Prices were high, continuing the Q1 rebound amid accelerating downstream demand and tightening inventories.
• The Brass Rod Production Cost Trend stayed volatile, with fluctuations in copper pricing and freight rates impacting margins.
• The Brass Rod Demand Outlook for Q2 is optimistic, especially in China and Southeast Asia, driven by infrastructure investment and automotive growth.
• The Brass Rod Price Forecast suggests further firming, contingent on sustained industrial momentum and global copper availability.
