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Home / Metal News / SMM Weekly Review on Brass Imports (Jan. 21-25)

SMM Weekly Review on Brass Imports (Jan. 21-25)

iconJan 30, 2013 15:22
CIF quotations for brass trended higher. This began incurring losses for brass importers who became unwilling to import.

SHANGHAI, Jan. 30 (SMM) –Turning to the brass market, CIF quotations for US brass, Western climbed gradually to USD 5,200-5,250/mt last week. CIF offers for Bulgarian brass were raised to around USD 4,900/mt, and around USD 4,800/mt for German and Spanish brass. Mainstream quotes for US brass, Western marched higher to RMB 38,400-38,800/mt on China’s domestic markets. Inasmuch as overseas brass suppliers opted to withhold goods in anticipation for higher prices, CIF quotations for brass trended higher. This began incurring losses for brass importers who became unwilling to import.
 

China brass prices
imported brass losses
China brass importers
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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