SMM Weekly Review on Brass Imports (Jun. 25-29) -Shanghai Metals Market

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SMM Weekly Review on Brass Imports (Jun. 25-29)

Price Review & Forecast 09:49:16AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) –Turning to the brass market, CIF quotations for US brass, Western were USD 5,000/mt last week, down USD 50/mt from the prior week. Mainstream offers were RMB 38,800-39,200/mt on China's domestic markets, also down marginally from the previous week's levels. As brass traders mostly bought on an as-needed basis out of fears that copper prices will soften further, SMM anticipates brass inventories will remain stable for the foreseeable future.  
 

Key Words:  China brass market  

Price

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#1 Tin Ingot
Aug.19
132250.0
-2500.0
(-1.86%)
Solder Bar(63A)
Aug.19
96000.0
-1500.0
(-1.54%)
Solder Bar(60A)
Aug.19
92500.0
-1500.0
(-1.60%)
LF Solder
Aug.19
139000.0
-2500.0
(-1.77%)
Tin Powder
Aug.19
142.5
0.0
(0.00%)

SMM Weekly Review on Brass Imports (Jun. 25-29)

Price Review & Forecast 09:49:16AM Jul 04, 2012 Source:SMM

SHANGHAI, Jul. 4 (SMM) –Turning to the brass market, CIF quotations for US brass, Western were USD 5,000/mt last week, down USD 50/mt from the prior week. Mainstream offers were RMB 38,800-39,200/mt on China's domestic markets, also down marginally from the previous week's levels. As brass traders mostly bought on an as-needed basis out of fears that copper prices will soften further, SMM anticipates brass inventories will remain stable for the foreseeable future.  
 

Key Words:  China brass market