Copper scrap tags steady despite increase on Comex
Nov 30, 2009 | 12:30 PM
| Anne Riley
Copper scrap prices continue to hold steady on the back of weak physical demand, even as the primary market flirted with 14-month highs in New York.
Copper for March delivery closed at $3.177 a pound on the Comex division of the New York Mercantile Exchange on Monday, up 1.6 percent from $3.1255 Friday. But increasing primary copper prices are not being reflected in the secondary market, with demand for the red metal continuing to lag, brass and bronze ingot makers told AMM.
"I don't think scrap is following this market yet. I don't think there's any big demand," an ingot maker said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.