Copper scrap market wary on Comex swings

May 02, 2013 | 05:02 PM | Nathan Laliberte

Tags  copper scrap, comex, red brass, Nathan Laliberte

NEW YORK — Copper scrap discounts continued to tighten May 1 as market participants grappled with wide fluctuations on Comex that one trader said are not "necessarily reflective of actual supply and demand figures."

The discount for refiners’ No. 2 copper scrap fell to 24 to 26 cents per pound below Comex from 25 to 27 cents previously, putting prices in a range of $2.82 to $2.84 per pound.....

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