Discounts on copper scrap widen

Jan 03, 2014 | 12:51 PM | Nathan Laliberte

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

NEW YORK — Discounts for copper scrap widened by a penny across the board Jan. 2, as sellers said tepid trading activity and a slight uptick in supply were compelling buyers to lower quotes.

Several sources noted that most participants were still operating on reduced hours and staff. "All the buyers I deal with are still out on vacation," one seller told AMM. "Having to deal with the assistant buyers can be a real headache because they don’t have a good idea about accurate pricing. It can really screw with the market.....

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