- Payment delays, liquidity issues keep trading subdued
- Imports from UAE, Europe continue but at smaller scale
India’s brass honey scrap prices declined w-o-w on 12 June 2026, pressured by subdued demand and softer global prices. BigMint’s assessment placed brass honey scrap prices at around INR 808,000/t exw-Jamnagar, down by INR 7,000/t w-o-w as comfortable imported scrap availability and balanced downstream buying activity kept the market largely stable during the week.
The market was also influenced by softer global copper prices. London Metal Exchange (LME) copper prices fell by around $80/t w-o-w to nearly $13,710/t on 12 June 2026, which put slight pressure on imported scrap offers and domestic market sentiment. However, the impact was limited, as most participants were already cautious about fresh purchases.
Price levels in Jamnagar and western India remained largely similar at around INR 808,000-810,000/t, indicating a balanced market with no major supply shortages. Sellers were willing to negotiate on deals, but buying interest remained limited, resulting in fewer transactions.
Demand from brass manufacturers remained sluggish, especially in Jamnagar and other key consumption centres in western India. Sources said many consumers already have sufficient material in stock and are buying only for immediate requirements. As a result, overall trading activity remained limited during the week.
Cash-flow and payment-related issues continued to affect the market. Traders reported delayed payments from customers and slower fund movement across the supply chain, which reduced buying interest. Many buyers preferred to avoid large purchases and focused on maintaining only essential inventory levels.
On the supply side, imported brass scrap continued to arrive from the UAE and Europe. However, fresh import deals were reported in smaller quantities compared with previous months. Traders said buyers are booking limited volumes because domestic demand remains weak and material availability is already comfortable.
Market participants noted that the brass honey scrap market is currently facing a combination of slow demand, liquidity constraints, and adequate material availability. While imported scrap continues to be available, end-user consumption has not improved enough to support stronger trading activity.
Looking ahead, market participants expect brass honey scrap prices to remain largely stable in the near term. Unless demand from downstream brass manufacturers improves and payment conditions become smoother, buying activity is likely to stay selective. Imported scrap availability from the UAE and Europe is expected to remain comfortable, keeping supply conditions balanced and preventing any sharp upward movement in prices.
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