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[Cu] Summary - 2009/9/23 Scrap Copper Market
SHANGHAI, Sept. 23 (SMM) -- North China, today #1 scrap copper was traded at RMB 44,800-45,100/mt, market supply increased, and downstream purchasing interest became low compared to yesterday. However, limited buyers were still replenishing stocks when prices were lower, and the trading sentiment was moderate.
East China, today #1 scrap copper was traded at RMB 44,800-45,100/mt, market supply was tight, and downstream buying sentiment became lower due to softened copper prices today, and trading volumes decreased as well.
South China, today #1 scrap copper was traded at RMB 45,300-45,500/mt, buyers were cautious, while cargo-holders remained firm with offers, resulting in slim trading sentiment.
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