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Home / Metal News / [Cu] Summary - 2009/11/3 Scrap Copper Market

[Cu] Summary - 2009/11/3 Scrap Copper Market

iconDec 7, 2009 13:16

SHANGHAI, Nov. 3 (SMM) -- North China, today #1 scrap copper was traded at RMB 46,000-46,200/mt, market supply was slightly tight, and supply of goods in West Europe was more than Japan and the US. The downstream purchasing interest was low, resulting in lukewarm trading sentiment.

    East China, today #1 scrap copper was traded at RMB 46,300-46,600/mt, price fluctuations were limited, and overall market sentiment was lackluster.

    South China, today #1 scrap copper was traded at RMB 46,900-47,100/mt, the price rise helped drive up market sentiment, but higher prices also hampered the downstream purchasing interest, leading to general transactions.

 

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

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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