Comex drop narrows some copper discounts

Jan 30, 2014 | 03:45 PM | Nathan Laliberte

Tags  copper scrap, Comex, bare bright copper, scrap prices, Nathan Laliberte

NEW YORK — Discounts for some copper scrap grades narrowed slightly Jan. 29 as a combination of recent drops on Comex and a cold front across much of the country reduced overall supply, market participants told AMM.

The March-delivery Comex copper contract, the most actively traded, settled at $3.2405 per pound Jan. 29, down 2.9 percent from $3.337 per pound Jan. 22 and the lowest level since the start of the year. The contract slipped further Jan. 30,....

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