Brass bar market price is peaking around Tokyo. The price keep around 560 yen per kilogram for free cutting bar with 25 millimeters diameter since end of October under slow demand while domestic brass bar makers increased brass turning scrap purchase price by 12 yen to 440 yen on Wednesday along with higher Japanese official copper ingot price.
Brass bar turning scrap price decreased by 6 yen per kg on November 10 and increased more in the week while the price decreased by 18 yen on November 2 after 48 yen increase in October. Brass bar dealers tried to increase the reselling price since late October. However, they failed to increase the price after scrap price drop in early November. The brass bar buyers hold the order after copper ingot price surged since October. The actual demand also shows sign to peak recently .A dealer source said the users already secured requirement after inventory building. The dealers try to find next chance to increase the reselling price waiting another increase for copper scrap price.| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| « Sep | ||||||
| 1 | 2 | 3 | ||||
| 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| 11 | 12 | 13 | 14 | 15 | 16 | 17 |
| 18 | 19 | 20 | 21 | 22 | 23 | 24 |
| 25 | 26 | 27 | 28 | 29 | 30 | |
Japan Steel Scrap Composite Prices (Sangyo Press)
2024/11/21| H2 | NewCutting (PRESS) |
| 41300YEN (-) | 43200YEN (-) |
| 264.52US$ (-0.38) | 276.69US$ (-0.39) |
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)
- JMB Tieup company
- The Korea Metal Journal
- ferro-alloys.com
- Steel on the net
- AMM
- MEPS
