Copper Wire Rod Producers Have Little Interest in Using Scrap Copper in April -Shanghai Metals Market

Hot Keywords

  • Nickel
  • Nickel ore
  • Inventory data
  • Copper
  • Market commentary
  • Aluminium
  • Stainless steel
  • Rare earths
  • Macroeconomics
  • Rare earth
  • Zinc
  • Iron ore
  • Customs data
  • Production data
  • Futures movement

Copper Wire Rod Producers Have Little Interest in Using Scrap Copper in April

SMM Insight 10:18:17AM May 09, 2012 Source:SMM

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.
 

Key Words:  scrap copper 

Copper Wire Rod Producers Have Little Interest in Using Scrap Copper in April

SMM Insight 10:18:17AM May 09, 2012 Source:SMM

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.
 

Key Words:  scrap copper