Shanghai lockdown slows copper scrap buying, discount widest in 8 months

Trade flows of copper raw material continued to be affected by strict Covid-19-related lockdowns in Shanghai, with market participants still finding it hard to arrange transaction documentation for copper scrap as well as finished products, Fastmarkets heard on Monday April 25.

This has negatively affected the interest in buying copper scrap imports,which translated into wider discounts between copper scrap and refined copper.

The No2 copper material, RCu-2B (birch/cliff), cif China,...

Published

Julian Luk

April 25, 2022

17:30 GMT

London