By Vibin Antony
The major Chinese copper scrap commodities prices remained flat on Wednesday, while the future prices at Shanghai Metal Exchange slipped to RMB 42,400 a ton as traders anticipate that the lower growth outlook for China will impact metals demand.
The prices for major copper scrap commodities including Bare Bright (Cu >99%), Copper Scrap, No. 1 Copper (Cu 96-98%) and No. 2 Copper (Cu 94-96%) remained flat on Scrap Register Price Index as on Wednesday.
According to the Scrap Register Price Index, Bare Bright (Cu >99%) scrap prices remained flat at CNY 38,150 and copper scrap at CNY 42,625 a metric ton.
Base metals on the Shanghai Futures Exchange ended Wednesday mostly lower. The most active May copper contract on Shanghai Futures Exchange settled down slightly by 0.935% to RMB 42,400 a ton on Wednesday.
(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)
The major Chinese copper scrap commodities prices remained flat on Wednesday, while the future prices at Shanghai Metal Exchange slipped to RMB 42,400 a ton as traders anticipate that the lower growth outlook for China will impact metals demand.
The prices for major copper scrap commodities including Bare Bright (Cu >99%), Copper Scrap, No. 1 Copper (Cu 96-98%) and No. 2 Copper (Cu 94-96%) remained flat on Scrap Register Price Index as on Wednesday.
According to the Scrap Register Price Index, Bare Bright (Cu >99%) scrap prices remained flat at CNY 38,150 and copper scrap at CNY 42,625 a metric ton.
Base metals on the Shanghai Futures Exchange ended Wednesday mostly lower. The most active May copper contract on Shanghai Futures Exchange settled down slightly by 0.935% to RMB 42,400 a ton on Wednesday.
(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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