Copper Scrap Trading Suddenly Cools on Narrowing Price Spread, SMM Reports

Published: Oct 30, 2017 17:13

Save

Copper scrap trading was quiet today, SMM reports.

SHANGHAI, Oct. 30 (SMM)－ Copper scrap trading was quiet today, SMM reports.

Where Will Copper Price Go in 2018? SMM Reports

Cargo holders held onto their goods as copper scrap prices dropped over 1,000 yuan per tonne in tandem with falling SHFE copper.

The price spread between copper cathode and copper scrap shrank from as high as 2,200 yuan per tonne seen last week to 1,600 yuan per tonne on October 30.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

copper scrap prices

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

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

2 hours ago

Contract rollover releases rigid demand; discounts in North China narrow and rise [SMM North China Spot Copper]

In North China today, spot #1 copper cathode was quoted at a discount of 150-50 yuan/mt against the front-month contract, with an average discount of 100 yuan/mt, up 60 yuan/mt from the previous trading day. The average transaction price was 107,447 yuan/mt, down 1,300 yuan/mt from the previous trading day.

2 hours ago

Large price spread between futures contracts on delivery day; spot trades sluggish [SMM South China spot copper]

2 hours ago

4 hours ago

High Copper Prices and Weakening Demand Dampen Production Enthusiasm at Copper Cathode Rod Enterprises [SMM Analysis]

4 hours ago