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SMM Weekly Survey on Brass Scrap Inventories (Aug. 8-12)
Aug 15,2011 14:41CST
smm insight
Source:SMM
Based on an SMM survey, brass scrap inventories were flat with the previous week levels.

SHANGHAI, Aug. 8 (SMM) –Based on an SMM survey, brass scrap inventories were flat with the previous week levels, as rapidly falling copper prices increased copper processor’s wait-and-see sentiment and depressed purchases. In general, brass scrap inventories were in decline, as brass scrap trader’s inventories were low after earlier consumption and continued to be used up by processing enterprises before new goods arrived. 


 

SMM weekly survey;brass scrap inventories

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