Higher Comex helps lift copper scrap prices
Dec 05, 2006 | 05:10 AM
| Sean Barry
U.S. copper scrap prices are getting support from firmer prices for primary metal on the Comex division of the New York Mercantile Exchange and steady demand for raw material.
Although availability of copper scrap has improved in recent weeks in light of the continuing absence of Chinese buyers and softer domestic demand, traders said large quantities of material were still hard to secure. "The Comex has seen some small upside movement and copper seems well supported at this level," one trader said. "Demand for metal has been steady. There's an improved flow of material, but there's still not an abundance of scrap.....
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.