The copper scrap market is “in balance,” a seller said. A second seller said he is yet to see the impact of Malaysia’s scrap import regulation changes in the domestic flow of material.
“Malaysia has enough material in the ports to last them months,” the second seller said, adding that new cargoes for Malaysia were being diverted to Thailand.
The discount for bare bright chops – also known as No1 copper scrap – continued to tighten in the week ended Wednesday October 13, with demand strengthening for this grade.
Fastmarkets assessed the copper scrap No1 copper, discount,...