Metals News
[Cu] Summary - 2009/10/29 Scrap Copper Market
smm insight
Dec 7,2009

SHANGHAI, Oct. 29 (SMM) -- North China, today #1 scrap copper was traded at RMB 45,600-45,900/mt, scrap copper prices fell at a slower pace in the region than other regions, but traders were also reluctant to sell goods, resulting in lukewarm transactions.

    East China, today #1 scrap copper was traded at RMB 45,800-46,100/mt, cargo-holders were unwilling to move goods based on their belief that scrap copper prices will advance, leading to lackluster trading sentiment.

    South China, today #1 scrap copper was traded at RMB 46,400-46,600/mt, offers for scrap copper available were firm, and the price decline dampened downstream purchasing interest, resulting in weak transactions.


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