Chinese copper scrap tags seen rising as buying picks up

Feb 08, 2011 | 09:46 AM | Shi Lili

Chinese copper scrap prices are expected to increase as buyers return from the Chinese New Year holiday despite uncertainty hanging over the market amid fluctuating primary metal prices on terminal markets.

"Most suppliers are still quite firm on their quotes, and the lowering of prices on exchanges—unless sustained for a while or by a big margin—makes little sense to us," a copper scrap trader in Nanhai, Guangdong province, said. ....

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