SMM Weekly Review on Brass Imports (Jul 16-20)-Shanghai Metals Market

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SMM Weekly Review on Brass Imports (Jul 16-20)

SMM Insight 03:34:58PM Jul 17, 2012 Source:SMM

SHANGHAI, Jul. 17 (SMM) –Turning to the brass market, CIF quotations for US brass, Western were USD 5,000-5,050/mt last week, down a slight USD 50/mt from the prior week. Mainstream offers were down to RMB 38,800-39,000/mt on China's domestic markets. Profits on imported brass held stable near RMB 1,000/mt last week, but most brass importers continued sourcing to order out of uncertainties in the direction of future copper price trends.
 

Price

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Aluminum Ingot
Aug.23
14310.0
-50.0
(-0.35%)
Aluminum Ingot - Fo Shan
Aug.23
14320.0
-40.0
(-0.28%)
Aluminum Ingot - Wu Xi
Aug.23
14310.0
-60.0
(-0.42%)
Aluminum Ingot - Hang Zhou
Aug.23
14325.0
-60.0
(-0.42%)
Aluminum Ingot - Chong Qing
Aug.23
14340.0
-40.0
(-0.28%)

SMM Weekly Review on Brass Imports (Jul 16-20)

SMM Insight 03:34:58PM Jul 17, 2012 Source:SMM

SHANGHAI, Jul. 17 (SMM) –Turning to the brass market, CIF quotations for US brass, Western were USD 5,000-5,050/mt last week, down a slight USD 50/mt from the prior week. Mainstream offers were down to RMB 38,800-39,000/mt on China's domestic markets. Profits on imported brass held stable near RMB 1,000/mt last week, but most brass importers continued sourcing to order out of uncertainties in the direction of future copper price trends.