Home / Metal News / Copper / SMM Weekly Review on Scrap Copper Consumption Advantages (Oct. 15-19)
SMM Weekly Review on Scrap Copper Consumption Advantages (Oct. 15-19)
Oct 23,2012 11:54CST
smm insight
Source:SMM
The price spread between bare bright (including tax) and refined copper slipped slightly to RMB 1,100-1,400/mt, but scrap copper still enjoyed price advantage for copper semis processors.

SHANGHAI, Oct. 23 (SMM) –Copper futures prices kept fluctuating last week, but scrap copper prices proved resistant to declines due to tight supply. The price spread between bare bright (including tax) and refined copper slipped slightly to RMB 1,100-1,400/mt, but scrap copper still enjoyed price advantage for copper semis processors. Supply of #2 scrap copper was extremely tight, so traders quoted prices firm, around 93% of the price of refined copper. But scrap copper smelters rejected this price and requested price levels that were RMB 1,900/mt lower than spot refined copper prices. This led to weak scrap copper market activity.
 

refined copper prices
scrap copper prices
copper semis producers

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

Related news