The reasons for the surge in demand and record high prices in the brass market may be due to several factors. First of all, brass is a commonly used alloy material widely used in construction, electronics, automobile and other industries. With the development of the economy and the advancement of industrialization, the demand for brass in these industries has also increased.
Secondly, the recovery of the global economy and increased trade activities have also had a positive impact on the brass market. As an important industrial raw material, the price of brass is often closely related to the global economic situation and trade environment. When economic growth and trade activity increase, demand for brass increases accordingly, driving prices up.
In addition, supply-side factors may also have an impact on brass prices. The production process of brass is relatively complex and requires a large amount of raw materials such as copper and zinc. If raw materials are in short supply or production processes are restricted, the supply of brass could decrease, pushing prices up.
Overall, the surge in demand and record high prices in the brass market are due to a combination of factors, including increased industry demand, global economic recovery and increased trade activity, as well as supply-side factors.