Copper scrap discounts narrow on Comex drop

May 16, 2013 | 04:25 PM | Nathan Laliberte

Tags  copper scrap, Comex, scrap prices, scrap discounts, No.1 bare bright, brass scrap, Nathan Laliberte

NEW YORK — Most copper scrap grades saw discounts slip May 15 as market participants said that downward movement on Comex had caused spreads to tighten slightly.
The discount for brass ingot makers’ No. 1 bare bright copper scrap decreased to 3 to 5 cents per pound below Comex from a 5- to 7-cent discount a week earlier, putting prices at $3.22 to $3.24 per pound based on a July-delivery Comex copper contract settlement price of $3.265 per pound....

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