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Trades muted in copper scrap market as soaring copper prices left scrap holders reluctant to sell
Mar 4,2021 10:00CST
SMM InsightData Analysis
Source:SMM
Many factories and traders cleared out copper scrap inventories before CNY. Newly produced copper scrap is unavailable until production resumes for a period of time after CNY. This, together with reluctance to sell amid bullish sentiment, resulted in limited amounts of copper scrap that was available in the market after CNY.
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Copper scrap

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