SMM Weekly Survey on Brass Scrap Inventories

SHANGHAI, Aug. 1 (SMM) –Brass scrap inventories returned to fall over the past week after brief increases for two weeks, as less new goods came in. Based on SMM sources, cargo-holders were eager to move goods for cash generation at high prices, but just made fewer stocks to meet normal business. Brass scrap buyers also began to enter into the market for purchases after consuming inventories significantly.