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[Cu] Summary - 2009/5/4 Scrap Copper Market
SHANGHAI, May 4 (CBI China) -- North China today 1# bright copper was traded at RMB 37,200-37,500/mt, the soft downstream consumption restricted the price rise for scrap copper. The demand was very weak and the transactions were inactive.
East China today 1# bright copper was traded at RMB 37,300-37,600/mt, the downstream performed cautious, the supply was general and the transactions were modest.
South China today 1# bright copper was traded at RMB 37,700-37,900/mt, scrap copper holders lifted the prices propelled by soaring SHFE copper price, while the downstream producers purchased based on production needs, leading to slim transactions.
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