SMM Weekly Review on Brass Imports (Aug. 8-12)

SHANGHAI, Aug. 16 (SMM) –In brass markets, American West brass offers fell around USD 5,600-5,650/mt last week, while domestic brass offers were between RMB 63,000-63,300/mt, keeping brass imports in limited profits. In supply side, as brass prices declined, overseas suppliers’ interest of moving goods was dampened, resulting in a drop in market supply and making purchases more difficult. In demand side, despite small profit margins, brass importers were willing to make purchases at low prices, helping improve market transactions.