China copper scrap discount deepens with buyers wary of shipping, customs concerns

Many Chinese importers have become wary of logistics and customs clearance uncertainties, which has resulted in a widening of the price spread between recycled product and refined copper so far in July 2020.

“Although offer prices of copper scrap are lower now, we are not at [the level of] the spot market,” a copper scrap consumer source said.

Fastmarkets assessed the price of copper scrap No2 copper (birch/cliff), imported into China, 94-96%, LME/Comex discount, cif China, at 28-33 cents per lb on Monday July 27, compared with 23-24.5 cents per lb on...

Published

Julian Luk

July 27, 2020

17:20 GMT

London