SMM Weekly Review on Brass Imports (Jan. 7-11)

SHANGHAI, Jan. 15 (SMM) –Turning to the brass market, CIF quotations for US brass, Western increased to USD 5,100-5,150/mt last week. CIF quotations for Bulgarian brass were roughly USD 4,800/mt, and approximately USD 4,670/mt for German and Spanish brass. Mainstream offers for US brass, Western were RMB 38,300-38,700/mt on China’s domestic markets. Brass traders became less willing to import brass owing to uncertainty in import approvals for 2013, and since the Chinese New Year holiday approaches.