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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
Source:SMM
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

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