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[Cu] Summary - 2009/6/25 Scrap Copper Market
SHANGHAI, June 25 (CBI China) -- North China today 1# bright copper was traded at RMB 37,400-37,600/mt, the market supply was tight and prices grew significantly, but the transactions were limited.
East China today 1# bright copper was traded at RMB 37,000-37,300/mt, the cargo-holders were optimistic toward future prices, but the downstream buying ability was limited, and the overall transactions were weak.
South China today 1# bright copper was traded at RMB 38,000-38,200/mt, the rising copper price stimulated the traders to lift scrap copper price sharply, and the inquiries from downstream producers increased. Meanwhile, the trading sentiment remained moderate, but the actual trading volumes remained low.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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