Brass Bar Market Price Keeps Firm, Tokyo

Brass bar market price is firm around Tokyo. The price is around 590 yen per kilogram for free cutting bar with 25 millimeters diameter, 600 yen per kg for 10 mm diameter and 650 yen per kg for 5 mm diameter. Cadmium free round bar price is around 650 yen per kg for 25 mm diameter.

Japanese major brass bar makers raised their purchasing price of brass turning scrap, the market indicator, by 12 yen per kg on July 8. However, most brass bar wholesalers set their reselling prices unchanged. One dealer said brass turning scrap price was revised down twice by total 28 yen before July 8 and the price still stays low.

Brass bar market price keeps flat though bottom price gradually upped in July. Wholesalers are in cautious mood when offshore copper market price and brass turning scrap price are recently unforeseeable.