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[Cu] Summary - 2009/7/2 Scrap Copper Market
SHANGHAI, July 2 (CBI China) -- North China today 1# bright copper was traded at RMB 37,500-37,800/mt, the price hike stimulated the speculative activities, so transactions improved compared to yesterday.
East China today 1# bright copper was traded at RMB 37,500-37,800/mt, the cargo-holders raised prices significantly, while the buyers held wait-and-see attitude.
South China today 1# bright copper was traded at RMB 37,900-38,100/mt, the traders lowered prices slightly, but the downstream buying sentiment remained low, leading to limited transactions.
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