By
Vibin Antony
United States scrap prices for aluminum, brass, copper, zinc and lead remained unchanged, while major commodities at London Metal Exchange declined on Wednesday.
As per Scrap Register Price Index, aluminum, brass, copper, zinc and lead scrap prices remained flat on Wednesday.
LME copper, the only base metal, steadied on Wednesday as some investors bet that a floor had been reached after heavy losses. The three-month copper on LME settled slightly up at $5,645.500 a ton, paring losses of 1.4% from the previous session when it hit its lowest in a week.
Aluminum, nickel, lead and zinc on the London Metal Exchange traded down on Wednesday, while tin touched a fresh 2-1/2 year low on worries about weak demand.
However, hallmarked and non-hallmarked scrap gold prices posted a decline on Wednesday while electronic scrap prices remained flat.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
United States scrap prices for aluminum, brass, copper, zinc and lead remained unchanged, while major commodities at London Metal Exchange declined on Wednesday.
As per Scrap Register Price Index, aluminum, brass, copper, zinc and lead scrap prices remained flat on Wednesday.
LME copper, the only base metal, steadied on Wednesday as some investors bet that a floor had been reached after heavy losses. The three-month copper on LME settled slightly up at $5,645.500 a ton, paring losses of 1.4% from the previous session when it hit its lowest in a week.
Aluminum, nickel, lead and zinc on the London Metal Exchange traded down on Wednesday, while tin touched a fresh 2-1/2 year low on worries about weak demand.
However, hallmarked and non-hallmarked scrap gold prices posted a decline on Wednesday while electronic scrap prices remained flat.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
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