Comex copper gain, tightness lift scrap prices
Oct 26, 2007 | 03:38 PM
| Sean Barry
U.S. copper scrap prices have bounced back on continuing tight supplies and firming prices for primary metal on the Comex division of the New York Mercantile Exchange.
The market is being underpinned by a slowdown in scrap flow caused by a downturn in the manufacturing and housing sectors.
Consumers looking for large tonnages and quick deliveries are being slammed by higher prices, trade sources said.
"Consumers are buying steadily as there's not much metal around. If you need a large tonnage delivered quickly then you're going to pay dearly for the privilege," a source at one ingot producer said. "Supply and demand is reasonably well balanced. Domestic and export demand is still limited."....
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.