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Home / Metal News / SMM Weekly Review on Brass Imports (Oct. 29-Nov. 2)

SMM Weekly Review on Brass Imports (Oct. 29-Nov. 2)

iconNov 6, 2012 16:57
As brass prices kept stable, profits on imported brass held around RMB 600/mt, with domestic importers replenishing stocks on an as-needed basis.

SHANGHAI, Nov. 6 (SMM) –Turning to the brass market, CIF quotations for US brass, Western declined to approximately USD 5,080/mt last week. CIF quotations for Bulgarian brass retreated to around USD 4,690/mt, and about USD 4,580/mt for German and Spanish brass. Mainstream offers for US brass, Western inched down to RMB 38,400-38,700/mt on China’s domestic markets. As brass prices kept stable, profits on imported brass held around RMB 600/mt, with domestic importers replenishing stocks on an as-needed basis.
 

China brass imports
imported brass profits
brass prices
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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