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

Hot Keywords

  • Inventory data
  • NPI
  • Zinc
  • Market commentary
  • Production data
  • Macroeconomics
  • Aluminium
  • Morning comments
  • Futures movement
  • Mengtai Group
  • Copper
  • Stainless steel
  • Nickel
  • In the United States
  • trade negotiations

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

SMM Insight 03:22:54PM Jan 30, 2013 Source:SMM

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.
 

Price

more
#1 Refined Cu
Oct.18
46740.0
40.0
(0.09%)
Aluminum Ingot
Oct.18
14000.0
40.0
(0.29%)
#1 Lead
Oct.18
17025.0
25.0
(0.15%)
0# Zinc
Oct.18
18880.0
-10.0
(-0.05%)
#1 Tin Ingot
Oct.18
139500.0
500.0
(0.36%)

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

SMM Insight 03:22:54PM Jan 30, 2013 Source:SMM

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.