Copper scrap market quiet amid Comex drop

Mar 22, 2012 | 03:42 PM | Chris Prentice

Tags  copper scrap, brass scrap, comex, chris prentice

NEW YORK — Spreads on copper scrap failed to narrow across the board amid a sudden drop in Comex prices Thursday, sources told AMM.

Copper for May delivery, the most active contract, closed at $3.7655 per pound Thursday, down 2.1 percent from $3.8455 the previous day and 3.4 percent below $3.8975 per pound a week earlier.

Despite the drop, discounts on No. 1 copper scrap and No. 2 copper scrap stayed put as market players waited to see if the lower prices would hold. "Spreads aren’t coming in," one trader said.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results