SMM Weekly Review on Brass Imports (Nov. 14-Nov. 18)

SHANGHAI, Nov. 17 (SMM) –Brass prices were more resilient last week. Offers for US brass, Western held stable between USD 5,150-5,200/mt, but fell slightly on China’s domestic markets to between RMB 40,500-40,800/mt. Profits on imported brass stabilized at RMB 1,000/mt last week. Brass importers increased deliveries due to relatively low raw material inventories at domestic copper rod producers and since domestic demand kept stable. SMM believes the amount of brass arriving at Chinese ports will increase slightly in the foreseeable future.