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Recycled brass raw material prices remain high, highlighting the cost pressure on copper rod companies
As of the week of March 27, the U.S. yellow brass CIF China (weekly) quote has risen to $7,750 per ton. The prices of recycled brass raw materials have remained high, and overall market available stock is tight. The high raw-material costs are causing brass bar companies to take a more cautious approach to procurement, and their willingness to stock up has clearly weakened. (Shanghai Metals Market)