The spread between copper scrap and refined copper continued to widen in August amid the copper price rally and minimal buying interest from the Chinese due to logistics and customs clearance worries in the coming months.
Fastmarkets assessed the price of copper scrap No 2 copper (birch/cliff) imported into China 94-96% LME/Comex discount, cif China basis at 32-36 cents per lb on Friday August 28, versus 28-33 cents per lb a month earlier.In the last month, few parcels were reported being sold at...