This week (February 6–February 12), the operating rate of the brass rod industry decreased by 6.09 percentage points to 40.31%, indicating a decline in production activity. As the Spring Festival holiday approaches, new downstream orders have significantly slowed down, and companies’ production pace continues to slow. Next week, the industry will fully enter holiday mode, with the operating rate expected to drop to 0%. Future focus will be on the resumption of work after the holiday and the recovery of demand. (SMM)
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Spring Festival Approaching Holiday Concentration, Brass Bar Operating Rate Decreases Month-on-Month
This week (February 6–February 12), the operating rate of the brass rod industry decreased by 6.09 percentage points to 40.31%, indicating a decline in production activity. As the Spring Festival holiday approaches, new downstream orders have significantly slowed down, and companies’ production pace continues to slow. Next week, the industry will fully enter holiday mode, with the operating rate expected to drop to 0%. Future focus will be on the resumption of work after the holiday and the recovery of demand. (SMM)