Most copper scrap discounts widen

Dec 19, 2013 | 01:11 PM | Nathan Laliberte

Tags  copper scrap, comex, bare bright, scrap prices, discounts, brass scrap, Nathan Laliberte

NEW YORK — Discounts for most grades of copper scrap widened Dec. 18 as buyers and sellers reacted to slight upticks on Comex and a noticeable drop in "pre-holiday" trading activity.

The March-delivery Comex copper contract, the most actively traded, settled at $3.319 per pound Dec. 18, up slightly from $3.295 per pound a week earlier.

Brass ingot makers’ No. 1 bare bright copper scrap discounts moved to 5 to 7 cents per pound below Comex from 4 to 6 cents a week earlier, putting prices at $3.25 to $3.27 per pound. Discounts for No. 1 copper scrap increased to 12 to 14 cents per pound below Comex ($3.18 to $3.20 per pound) from....

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