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Copper Wire Rod Producers Have Little Interest in Using Scrap Copper in April
May 9,2012 10:18CST
smm insight
Source:SMM
As the price spread between scrap and refined copper narrowed again in April, copper wire rod producers had little intention of using scrap copper as raw materials in April.

SHANGHAI, May 8 (SMM) – According to SMM survey, the price spread between scrap and refined copper narrowed again in April, so scrap copper had no appreciable price advantages against refined copper. In this context, copper wire rod producers had little intention of using scrap copper as raw materials in April.

The price gap between #1 bare bright (including tax) and refined copper hovered between RMB 400-700/mt during April, propelling copper wire rod producers to use refined copper as raw materials.
 

scrap copper

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