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[Cu] Summary - 2009/4/9 Scrap Copper Market
SHANGHAI, Apr. 9 (CBI China) -- North China today 1# bright copper traded at RMB 37,000-37,300/mt, the increases shortage in scrap copper rod price restricted the scrap copper price to rise, the downstream demand was moderate, the supply was tight, and the transactions were weak.
East China today 1# bright copper traded at RMB 36,300-36,700/mt, the scrap copper traders were reluctant to sell and took a wait-and-see attitude, leading to tight supply. The downstream demand was moderate, with general transactions.
South China today 1# bright copper traded at RMB 37,600-37,800/mt, the scrap copper supply remained tight, and the downstream producers were cautious due to sharp increases in the price, and the transactions were inactive.
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