US Copper Scrap prices decline in line with COMEX Copper

UNITED STATES March 19 2015 12:37 PM

NEW YORK (Scrap Register): United States major copper scrap commodities prices declined on Wednesday in line with copper future prices.

 

Copper futures closed nearer the session low and hit a four-week low on Wednesday, as mounting concerns over the health of China's property sector dampened appetite for the red metal.

 

The most active May copper contract on the COMEX division of the New York Mercantile Exchange was last trade slightly down by 510 points to 258.25 cents on Wednesday. 

 

 

As per Scrap Register Price Index, major copper scrap commodities like #1 Ins Wire (Cu 58-62%), #2 Ins Wire (Cu 88-92%), Bare Bright (Cu >99%), Enameled Copper Wire, No. 1 Copper (Cu 94-96%), No. 2 Copper (Cu 94-96%) and No. 3 Copper (Cu 94-96%) showed a negative trend on Wednesday.