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

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

SMM Insight 05:43:26PM Jan 15, 2013 Source:SMM

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.
 

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

SMM Insight 05:43:26PM Jan 15, 2013 Source:SMM

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.