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[Cu] Summary - 2009/4/27 Scrap Copper Market
SHANGHAI, Apr. 27 (CBI China) -- North China today 1# bright copper traded at RMB 36,000-36,300/mt, the transactions became better due to soaring LME copper price during weekend, but today the plunged SHFE copper dampened the market sentiment, and the transactions became slim.
East China today 1# bright copper traded at RMB 35,700-35,900/mt, the supply was ample, and many goods-holders were willing to sell, but the downstream producers were cautious about the purchase, so the transactions were inactive.
South China today 1# bright copper traded at RMB 35,300-35,500/mt, the market prices were mixed, and some traders sold off at low price, while the downstream producers took wait-and-see attitude, leading to slim transactions.
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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