[Cu] Summary - 2009/10/29 Scrap Copper Market-Shanghai Metals Market

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[Cu] Summary - 2009/10/29 Scrap Copper Market

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

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.

 

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 - 2009/10/29 Scrap Copper Market

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

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.

 

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