"Everyone has returned to the market to buy [non-ferrous scrap] since the announcement," a trader source said.
With overseas copper scrap more sought after, this sent Fastmarkets’
discount for No.2 Copper (Birch/Cliff) imported into China 94-96% cif China to 30-37 cents per lb on Monday October 26, narrowing from 34-40 cents per lb a month earlier.
Earlier in the month, cargoes from Australia, Asia and the United States were at around 88% of the London Metal...
