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SMM Weekly Review on Brass Imports (Aug. 8-12)
Aug 16,2011 16:14CST
smm insight
Source:SMM
In brass markets, American West brass offers fell around USD 5,600-5,650/mt last week.

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.   


 

SMM weekly survey;brass imports

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