Home / Metal News / Precious Metals / SMM Weekly Review on Scrap Copper Imports (Jul. 18-July 22)
SMM Weekly Review on Scrap Copper Imports (Jul. 18-July 22)
Jul 26,2011 16:09CST
smm insight
Source:SMM
The mainstream traded prices of scrap copper over the past week were between RMB 62,300-63,300/mt, and losses increased to above RMB 2,200/mt.

SHANGHAI, Jul. 26 (SMM) –Last week, LME copper prices remained strong, with prices fluctuating in the USD 9,600-9,900/mt band. Downstream producer's buying interest reduced after copper prices increased further, and purchases were generally made on an as-needed basis. Given weak demand, price gains in SHFE copper prices were slower than LME copper price gains. The mainstream traded prices of scrap copper over the past week were between RMB 62,300-63,300/mt, and losses increased to above RMB 2,200/mt. Overseas scrap copper suppliers showed strong willingness to move goods at high prices, and voluntarily quoted prices. As a result, discounts increased slightly compared with the previous week, helping increase importer's interest in replenishing some stocks.  
 

scrap copper imports

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

MOST POPULAR
data analysis
data analysis
data analysis
data analysis
data analysis