US copper scrap prices steady, demand wanes

Prices for copper scrap in the United States steadied this week amid slack buying demand; many consumers have already filled their immediate quotas and are now looking at volumes for August delivery, according to sources.

“There are those looking for narrower discounts due to the down trade with Comex. It appears wishful thinking,” one trader said. “We find consumers have covered all of their requirements with little effort and no serious reductions on discounts.” The most-actively traded July-delivery Comex copper contract settled at $4.5915 per lb on Wednesday June 2,...

Published

Jenny Stewart

June 03, 2021

21:25 GMT

New York