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SMM Weekly Review on Brass Imports (Oct. 17-21)
Oct 27,2011 09:52CST
smm insight
Source:SMM
In the brass market, bids from domestic buyers were between USD 4,950-5,000/mt, but overseas suppliers were unwilling to sell below USD 5,000/mt last week, dragging the market into stalemate.

SHANGHAI, Oct. 27 (SMM) –In the brass market, bids from domestic buyers were between USD 4,950-5,000/mt, but overseas suppliers were unwilling to sell below USD 5,000/mt last week, dragging the market into stalemate. Despite continuously falling brass prices, domestic buyers remained cautious, while brass importers were purchasing on an as-needed basis. Moreover, due to resilience in brass prices, some copper rod producers began to source copper and refined zinc overseas as inputs, dragging brass transaction volumes lower than the previous week.
 

brass imports

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