Copper scrap market expects difficult 4th qtr.
Oct 12, 2012 | 12:19 PM
| Barbara O'Donovan
Tags
copper scrap,
brass scrap,
No. 1,
red brass,
radiators,
Comex,
Barbara O'Donovan
NEW YORK — Copper scrap market participants expect a difficult fourth quarter as orders continue to dwindle.
"It’s going to be a tough rest of the year. There seems to be not much demand from China, and businesses here—whether it’s due to housing or whatever—are down, too," one trader told AMM.
Spreads on brass mills’ No. 1 copper scrap in the United States widened to 9 to 11 cents per pound Thursday, leaving prices at $3.65. Meanwhile, brass ingot makers’ No. 1 scrap widened to a spread of 11 to 13 cents per pound, reaching $3.62 to $3.64.....
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.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here