Blister copper RC reaches 3-year high in May; No 1 scrap buying continues

Spot interest in overseas blister copper remained low this month in China, with importers continuing to show a preference for top-grade copper scrap while the outright price of the metal remained high.

Fastmarkets assessed the blister copper 98-99% RC spot, cif China at $220-240 per tonne for May, up from $185-200 per tonne a month earlier and at its highest since April 2018.

Trading remained limited during the month, with only a handful of blister cargos sold within the range. One prompt shipment was offered to a...

Published

Julian Luk

May 28, 2021

16:29 GMT

London