[Cu] Summary - 2009/9/7 Scrap Copper Market-Shanghai Metals Market

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[Cu] Summary - 2009/9/7 Scrap Copper Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Sept. 7 (SMM) -- North China, today 1# bright copper was traded at RMB 44,800-45,000/mt, the rainy weather hampered scrap copper transactions, and traders were reluctant to move goods as well, leading to neutral trading sentiment.

    East China, today 1# bright copper was traded at RMB 44,800-45,100/mt, traders were reluctant to sell goods, while downstream manufacturers were cautious about purchases, resulting in weak trading sentiment.

    South China, today 1# bright copper was traded at RMB 45,800-46,000/mt, cargo-holders were unwilling to move goods, while limited market supply was available for downstream consumers, so trading volumes were very limited.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Cu] Summary - 2009/9/7 Scrap Copper Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Sept. 7 (SMM) -- North China, today 1# bright copper was traded at RMB 44,800-45,000/mt, the rainy weather hampered scrap copper transactions, and traders were reluctant to move goods as well, leading to neutral trading sentiment.

    East China, today 1# bright copper was traded at RMB 44,800-45,100/mt, traders were reluctant to sell goods, while downstream manufacturers were cautious about purchases, resulting in weak trading sentiment.

    South China, today 1# bright copper was traded at RMB 45,800-46,000/mt, cargo-holders were unwilling to move goods, while limited market supply was available for downstream consumers, so trading volumes were very limited.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040