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SMM Weekly Review on Brass Imports (Jan. 14-18)
Jan 22,2013 13:27CST
smm insight
Source:SMM
Due to uncertainty in import approvals for 2013 and the Chinese New Year holiday, SMM believes that brass arrivals at Chinese ports will decrease for the foreseeable future.

SHANGHAI, Jan. 22 (SMM) –Turning to the brass market, CIF quotations for US brass, Western held between USD 5,100-5,150/mt last week. CIF quotations for Bulgarian brass were still approximately USD 4,800/mt, and around USD 4,670/mt for German and Spanish brass. Mainstream offers for US brass, Western also remained unchanged between RMB 38,300-38,700/mt on China's domestic markets. Brass traders opted to stand on the sidelines owing to uncertainty in import approvals for 2013 as well as the Chinese New Year holiday factor. As such, SMM believes that arrivals of brass at Chinese ports will decrease for the foreseeable future.

 

China brass imports
China brass supply
China brass prices
China brass market

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