Home / Metal News / SMM Weekly Review on Brass Imports (Aug. 15-19)

SMM Weekly Review on Brass Imports (Aug. 15-19)

iconAug 23, 2011 14:59
Source:SMM
As copper rod prices moved lower and orders remained weak in the low demand period, most copper rod suppliers slowed their purchasing pace.

SHANGHAI, Aug. 23 (SMM) –In brass markets, although LME copper prices slid below USD 9,000/mt, brass scrap prices fell to USD 5,650/mt last week, only down USD 200/mt from USD 5,850/mt. Slower declines in brass prices greatly depressed domestic buyer’s buying interest. As copper rod prices moved lower and orders remained weak in the low demand period, most copper rod suppliers slowed their purchasing pace, and mainly made purchases on an as-needed basis. Traders generally stayed out of the market until a clearer price trend was visible.
 

SMM survey;brass imports

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

SMM Events & Webinars

All