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[Cu] Summary - 2009/7/10 Scrap Copper Market
SHANGHAI, July 10 (CBI China) -- North China today 1# bright copper was traded at RMB 37,400-37,700/mt, the scrap copper price climbed following copper price trend, while the downstream consumers became a little cautious, but most of market players were optimistic towards market outlook.
East China today 1# bright copper was traded at RMB 37,400-37,600/mt, the wait-and-see attitude dominated most of buyers, and market supply remained tight, and the transactions were moderate.
South China today 1# bright copper was traded at RMB 37,800-38,000/mt, the inquiries from downstream consumers were up, but the offers from cargo-holders were too high, dampening downstream buying interest. The overall transactions were limited.
Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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