en.Wedoany.com Reported - Brass honey scrap prices in Jamnagar, India, rose 2% week-on-week, driven by a combination of persistently tight imported scrap supply, firm global copper prices, and improving demand from China. According to BigMint's assessment, prices in the region increased from 790,000 rupees/tonne last week to 805,000 rupees/tonne on May 15. However, actual transactions remained primarily need-based, with buyers adopting a wait-and-see approach towards high offers.

Market fundamental support factors include: a continued shortage in the import supply of brass honey scrap, with overseas suppliers maintaining high offers due to rising global copper prices and increased replacement costs; spot shipment cargoes of clean honey grade are particularly scarce. On the export side, inquiries from China for Indian finished brass products (brass rods, sanitary fittings, valves, electronic components, etc.) have noticeably increased. Some Chinese manufacturers are turning to imports due to tight local scrap supply and rising processing costs. This intensifies the global competition for non-ferrous scrap, with suppliers preferring markets offering higher returns.

However, downstream consumers show low acceptance of finished product price increases. The gap between seller expectations and buyer-acceptable prices has led to limited transaction volumes. Many small and medium-sized brass processing plants in Jamnagar are maintaining low capacity utilization rates due to unstable supplies of industrial gas and LPG. Rising energy costs and supply disruptions further constrain furnace operations and overall production levels.

BigMint expects that in the short term, tight imported scrap supply, high overseas offers, and firm global copper prices will continue to support the Jamnagar brass honey scrap market. Demand will remain primarily need-based, with large-scale bulk orders constrained. The increase in Chinese export inquiries is expected to continue driving raw material demand and supporting market sentiment, but operational constraints, high energy costs, and slow transaction pace may limit the upside potential for prices.

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