Copper scrap prices rise on supply squeeze
Feb 14, 2013 | 03:02 PM
| Nathan Laliberte
Tags
copper scrap,
No. 1,
No. 2,
red brass,
Comex,
copper,
scrap,
Nathan Laliberte
NEW YORK — Growing concerns about copper scrap availability caused prices for some grades to rise Feb. 13, sources told AMM.
Discounts on brass mills' No. 1 copper scrap narrowed to 7 to 9 cents below Comex to a range of $3.65 to $3.67 per pound Feb. 13, up a penny from $3.64 to $3.66 per pound Feb. 6.
Discounts on refiners’ copper scrap No. 2 also tightened Feb. 13 to a range of 35 to 37 cents, putting prices at $3.37 to $3.39 per pound. That’s down from a prior discount of 36 to 38 cents, with prices at $3.36 to $3.38 per pound. ....
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