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[Cu] Summary - 2008/12/17 Scrap Copper Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Dec. 17 (CBI China) -- North China today 1# bright copper traded at RMB 26000-26300/mt, traders had low interest in moving cargos, although the prices were higher than other regions, transactions were slim.
East China today 1# bright copper traded at RMB 24400-24700/mt, the downstream sentiment was moderate due to limited market supply. However, traders could not reach agreement on prices, the transactions were weak.
South China today 1# bright copper traded at RMB 24900-25100/mt, price squeeze was serious due to low interest of the downstream in purchase, so the transactions were muted.
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