Utilization Ratio of Scrap Copper Low at Copper Wire Rod Producers in June -Shanghai Metals Market

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Utilization Ratio of Scrap Copper Low at Copper Wire Rod Producers in June

SMM Insight 04:29:55PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – According to the latest SMM survey of major Chinese copper wire rod producers, the utilization ratio of scrap copper slipped again in June.

In SMM's view, as scrap copper supply remained tight in June, the price spread between bare bright and refined copper hovered around RMB 800/mt, keeping the utilization ratio at low levels.
 

Utilization Ratio of Scrap Copper Low at Copper Wire Rod Producers in June

SMM Insight 04:29:55PM Jul 10, 2012 Source:SMM

SHANGHAI, Jul. 10 (SMM) – According to the latest SMM survey of major Chinese copper wire rod producers, the utilization ratio of scrap copper slipped again in June.

In SMM's view, as scrap copper supply remained tight in June, the price spread between bare bright and refined copper hovered around RMB 800/mt, keeping the utilization ratio at low levels.