Metals News
[Cu] Summary - 2009/11/3 Scrap Copper Market
smm insight
01:16PM
Dec 7,2009
Source:SMM

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.

 

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