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SMM Weekly Survey on Brass Inventories (Oct. 17-21)
Oct 26, 2011 10:15Source:SMM
Brass inventory turns held at 8 days last week. As steep declines in copper prices reinforced the wait-and-see sentiment prevailing in the market.
SHANGHAI, Oct. 26 (SMM) –Brass inventory turns held at 8 days last week. As steep declines in copper prices reinforced the wait-and-see sentiment prevailing in the market, copper rod producers purchased on an as-needed basis. Small declines in overseas brass prices heightened importers’ difficulties in restocking at the lows, while brass importers remained pessimistic regarding future copper prices, keeping brass transaction volumes comparatively stable.
SMM survey;brass inventories
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