New arrivals

10/31/2024   Chinese A...
10/30/2024   Liquid Se...
10/29/2024   Intel Exp...
10/28/2024   Tsingshan...
10/28/2024   TSMC Repo...
10/28/2024   China Eas...
10/28/2024   August 20...
10/24/2024   China’s F...
10/24/2024   Nickel In...
10/24/2024   Export Pe...
10/23/2024   Indonesia...
10/23/2024   India Pro...
10/23/2024   Rare Eart...
10/22/2024   Chery Unv...
10/21/2024   Samsung A...
10/18/2024   China’s S...
10/18/2024   Analysis ...
10/17/2024   India to ...
10/16/2024   5N Plus I...
10/15/2024   1.09 Bill...

2024 Copper Scrap Market Update #4: Continuing Strong Performance with Record Highs, Up by ¥245/kg on April Early Prices

The copper scrap market continues to maintain its strong trend even after reaching historically high levels. As of the 21st, the price for Barley No.1 COPPER WIRE is at ¥1,600/kg, up by ¥245/kg compared to early April. The combination of thin domestic generation, volatile high prices in the benchmark LME market, and a trend towards yen depreciation has further intensified the atmosphere of a high-priced market. While there are signs of a slowdown in bulk purchases by Chinese buyers leading to some fatigue at high prices, there is also a movement to search for a substantial amount of spot goods due to procurement concerns, keeping the market strong despite reaching uncharted territory. The addition of new uncertainties in the Middle East due to the Iran situation may continue to push LME prices higher, leaving room for further immediate gains in the scrap market. 
This article is for members only. You can read the rest after application confirmation.

Register now Login

Related articles

Read more related articles...