Copper, brass scrap prices fall as Comex dips
Apr 12, 2012 | 05:01 PM
| Chris Prentice
Tags
copper scrap,
brass scrap,
chris prentice
NEW YORK — Spreads on copper scrap narrowed and prices on brass scrap items fell Thursday, reflecting a sudden drop on Comex earlier this week.
Spreads on No. 1 copper scrap fell to a discount of 15 to 18 cents per pound off Comex copper prices from 17 to 20 cents previously, putting prices at $3.54 to $3.57 per pound Thursday. Spreads on No. 2 copper scrap narrowed to a discount of 39 to 41 cents per pound off Comex prices from 39 to 42 cents a week earlier, putting prices at $3.31 to $3.33 per pound.....
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