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SMM Weekly Review on Brass Imports (Feb. 18-22)
Feb 26,2013 14:12
CSTsmm insight
Source:SMM
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
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