Copper scrap discount narrows for China after consumers return with Q1 2020 quotas

The discount for copper scrap imported into China has narrowed in December because Chinese consumers returned to the spot market to fill quotas granted for the first quarter of 2020.

Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 35-40 cents per lb on Monday December 30. That compared with 38-40 cents per lb a month ago.

Traders cited increased inquiries in mid-December for scrap delivered in the...

Published

Julian Luk

December 30, 2019

15:44 GMT

London