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Home / Metal News / Utilization Ratio of Scrap Copper Stable at 18.8% in June

Utilization Ratio of Scrap Copper Stable at 18.8% in June

iconJul 25, 2012 17:00
The latest SMM survey of Chinese copper plate, sheet, strip, and foil producers confirmed that the utilization ratio of scrap copper steadied at 18.8% in June.

SHANGHAI, Jul. 25 (SMM) – The latest SMM survey of Chinese copper plate, sheet, strip, and foil producers confirmed that the utilization ratio of scrap copper steadied at 18.8% in June.

In SMM's view, the price gap between scrap and refined copper seldom moved above RMB 1,000/mt during June but mostly between RMB 500-800/mt. The average discount on scrap copper was around RMB 719/mt against refined copper during June. In this context, the utilization ratio of scrap copper failed to increase appreciably in June. 

 

 

China scrap copper
price gap
scrap copper discount
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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