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[Cu] Summary - 2009/7/13 Scrap Copper Market

iconJul 13, 2009 00:00

SHANGHAI, July 13 (CBI China) -- North China today 1# bright copper was traded at RMB 37,400-37,600/mt, the good copper rod sales stimulated the demand for scrap copper, resulting in good transactions in the market.

    East China today 1# bright copper was traded at RMB 37,400-37,600/mt, traders were reluctant to move goods at lower price, leading to stronger scrap copper prices than refined copper prices, and the downstream consumption was weak, so the transactions were lackluster.

    South China today 1# bright copper was traded at RMB 37,700-37,900/mt, market supply remained tight, but downstream consumers adopted the wait-and-see attitude towards firm scrap copper prices, and the trading sentiment was lukewarm.

 

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