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Home / Metal News / SMM Weekly Review on Brass Imports (Feb. 18-22)

SMM Weekly Review on Brass Imports (Feb. 18-22)

iconFeb 26, 2013 14:12
Brass importers reported losses of about RMB 300/mt and therefore had no intention of importing.

SHANGHAI, Feb. 26 (SMM) –Turning to the brass market, CIF quotations for US brass, Western marched slightly down to USD 5,230-5,250/mt last week. CIF offers for Bulgarian brass were down to around USD 4,900/mt, and roughly USD 4,800/mt for German and Spanish brass. Mainstream quotes for US brass, Western also edged down to RMB 38,400-38,800/mt on China’s domestic markets. Brass importers reported losses of about RMB 300/mt and therefore had no intention of importing.
 

China brass imports
China brass importers
China brass import losses
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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