Price Spread Between Copper Cathode And Copper Scrap Hovered At Lows In May
- Th06 26, 2023, at 2:41 pm
As copper prices kept dropping amid uncertain risks overseas and the weak Chinese economic recovery, copper scrap suppliers became less willing to ship cargo in May. The market thus saw a sharp decline in scrap supply. The price spread between the copper cathode and copper scrap hovered around the advantageous level for users and dipped to a low of 561 yuan/mt, which depressed copper scrap consumption. Most of the copper rod factories using copper scrap shut down in May due to difficulties in purchasing copper scrap.
