Brass scrap prices fall awaiting China's return

Feb 28, 2013 | 03:27 PM | Nathan Laliberte

Tags  copper scrap, brass scrap, Comex, Nathan Laliberte

NEW YORK — A recent weakening in terminal markets has copper and brass scrap sellers waiting for major international consumers to re-enter the market, sources told AMM.

"We just got past the Chinese New Year (holiday)," one brass scrap seller said. "Once the Chinese start buying again, it could affect spreads. We are basically waiting for them to come back online."....

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