SMM Weekly Survey on Brass Scrap Inventories (Aug. 22-26)

SHANGHAI, Aug. 29 (SMM) –Based on SMM survey, brass scrap inventories held flat with the previous week levels. As futures copper prices became stable, market sentiment eased. Increased orders compared to the prior week at downstream producers also helped improve market transactions. Traders still chose to stand on the sidelines, but they tended to sell the existing inventories while making stocking in overseas markets. In general, brass scrap inventories remained virtually unchanged, despite some improvements.