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[Cu] Summary - 2009/6/29 Scrap Copper Market
SHANGHAI, June 29 (CBI China) -- North China today 1# bright copper was traded at RMB 37,000-37,300/mt, softened LME copper price during weekend dragged down scrap copper prices, and the rising SHFE copper price stimulated the buying sentiment today, leading good transactions.
East China today 1# bright copper was traded at RMB 37,100-37,300/mt, the market supply was not ample, and the downstream purchasing sentiment was general, so transactions were weak.
South China today 1# bright copper was traded at RMB 38,100-38,300/mt, the traders lifted prices significantly, while the downstream producers were cautious over higher prices, resulting in limited transactions.
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