US Brass, Copper Scrap prices drop in line with Copper Futures-Shanghai Metals Market

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US Brass, Copper Scrap prices drop in line with Copper Futures

Industry News 09:13:52AM Sep 16, 2015 Source:SMM

UNITED STATES September 15 2015 3:35 PM     

NEW YORK (Scrap Register): United  States major brass and copper scrap commodities prices declined on Monday in  line with copper futures prices at New York Mercantile Exchange after weak  Chinese industrial production and fixed asset investment increased concerns over  an economic slowdown in the world’s largest consumer.

As per Scrap  Register Price Index, major copper scrap commodities like #1 Ins Wire (Cu  88-92%), #2 Ins Wire (Cu 58-62%), bare bright (cu >99%), copper scrap,  enameled copper wire, no. 1 copper (cu 96-98%), no. 2 copper (cu 94-96%), no. 3  copper (cu 88-90%), transformer winding (85%) traded down on Monday.

As  per Scrap Register Price Index, major copper scrap commodities like brass  radiator, iron brass radiator, mix red brass, mix yellow brass borings, yellow  brass also traded down on Monday.

The most active Copper contract for  September delivery on the Comex division of the New York Mercantile settled down  by 485 points to 240.50 cents on Wednesday.

China’s economic growth  remains stuck below the government’s target of about 7 percent this year.  Bloomberg’s monthly gross domestic product tracker was at 6.64 percent last  month, barely changed from July.

Industrial output released Sunday  missed economists’ forecasts, while investment in the first eight months  increased at the slowest pace since 2000. The Shanghai Composite Index of shares  closed 2.7 percent lower, having fallen as much as 4.7 percent.


Price

more
#1 Refined Cu
Nov.18
47025.0
90.0
(0.19%)
Standard-Grade Copper
Nov.18
47015.0
90.0
(0.19%)
High-Grade Copper
Nov.18
47030.0
75.0
(0.16%)
Guixi Copper
Nov.18
47035.0
70.0
(0.15%)
Low-Quality Copper
Nov.18
46960.0
90.0
(0.19%)

US Brass, Copper Scrap prices drop in line with Copper Futures

Industry News 09:13:52AM Sep 16, 2015 Source:SMM

UNITED STATES September 15 2015 3:35 PM     

NEW YORK (Scrap Register): United  States major brass and copper scrap commodities prices declined on Monday in  line with copper futures prices at New York Mercantile Exchange after weak  Chinese industrial production and fixed asset investment increased concerns over  an economic slowdown in the world’s largest consumer.

As per Scrap  Register Price Index, major copper scrap commodities like #1 Ins Wire (Cu  88-92%), #2 Ins Wire (Cu 58-62%), bare bright (cu >99%), copper scrap,  enameled copper wire, no. 1 copper (cu 96-98%), no. 2 copper (cu 94-96%), no. 3  copper (cu 88-90%), transformer winding (85%) traded down on Monday.

As  per Scrap Register Price Index, major copper scrap commodities like brass  radiator, iron brass radiator, mix red brass, mix yellow brass borings, yellow  brass also traded down on Monday.

The most active Copper contract for  September delivery on the Comex division of the New York Mercantile settled down  by 485 points to 240.50 cents on Wednesday.

China’s economic growth  remains stuck below the government’s target of about 7 percent this year.  Bloomberg’s monthly gross domestic product tracker was at 6.64 percent last  month, barely changed from July.

Industrial output released Sunday  missed economists’ forecasts, while investment in the first eight months  increased at the slowest pace since 2000. The Shanghai Composite Index of shares  closed 2.7 percent lower, having fallen as much as 4.7 percent.