Copper scrap pricing edges lower amid Comex fall, supply tightness
Oct 16, 2007 | 07:11 AM
| Sean Barry
The copper scrap market continues to be dominated by supply constraints and firm prices despite top grades edging down following primary copper's fall on the Comex division of the New York Mercantile Exchange.
Copper for December delivery sagged Tuesday morning to $3.638 a pound, down 4.8 cents from Monday's settlement at $3.686. The decline put downward pressure on higher grades of copper scrap, which often are pegged against the Comex. Brass ingot maker's No. 1 copper scrap slipped 5 cents a pound to $3.40 in the East and $3.39 in the Midwest, while No. 2 copper scrap fell 3 cents a pound to....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here