January copper scrap discount narrows; expected to stay flat until renaming in July

The discount for copper scrap imported into China has narrowed in January with the level expected to remain flat until the scrap renaming policy takes effect in July.

Fastmarkets assessed the copper scrap No2 copper (birch/cliff) imported into China 94-96%, LME/Comex discount, cif China at 33-37 cents per lb on Monday January 27, compared with 35-40 cents per lb a month earlier.

Deals were reported to Fastmarkets at roughly 87-88% of the London...

Published

Julian Luk

January 27, 2020

12:59 GMT

Hong Kong