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Home / Metal News / SMM Weekly Review on Brass Imports (Nov. 5-9)

SMM Weekly Review on Brass Imports (Nov. 5-9)

iconNov 13, 2012 15:02
Although brass prices declined marginally, profits on imported brass were little changed. Domestic brass importers largely replenished stocks on an as-needed basis.

SHANGHAI, Nov. 13 (SMM) –Turning to the brass market, CIF quotations for US brass, Western edged down to USD 5,000-5,050/mt last week. CIF quotations for Bulgarian brass were about USD 4,700/mt, and approximately USD 4,580/mt for German and Spanish brass. Mainstream offers for US brass, Western fell slightly to RMB 38,300-38,700/mt on China's domestic markets. Although brass prices declined marginally, profits on imported brass were little changed. Domestic brass importers largely replenished stocks on an as-needed basis owing to uncertainty in future copper price trends.

 

China brass imports
imported brass profits
China 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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