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[Cu] Summary – 2009/1/12 Scrap Copper Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Jan. 12 (CBI China) -- North China today 1# bright copper traded at RMB 29,300-29,500/mt, as the copper rod was well-sold due to limited supply, leading to positive purchase of scrap copper, but few producers remained production, causing limited purchase volumes and slim transactions.
East China today 1# bright copper traded at RMB 28,000-28,300/mt, the supply remained tight, the downstream has low interest in prices rebound and in stock replenishment, leading to weak transactions.
South China today 1# bright copper traded at RMB 28,400-28,600/mt, the prices rebound stimulated the enthusiasm of the buyers; however, the traders stuck to the higher prices, leading to muted transactions.
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