October 20 2013
We start of this post with reference copper scrap prices:
EDM Wire $1.80 lb.
Bare Bright Copper $2.71 lb.
#1 Copper $2.72 lb.
#2 Copper $2.58 lb.
Insulated Hvy #1 copper Wire 85% Recovery $2.11 lb.
Steel Scrap prices for reference are as follows:
Light Iron $8.25 per 100 lbs
Heavy Iron $11.00 per 100 lbs
Upcoming seminars include: the next LME Metals Seminar Asia will be held on 24 April 2014 at the Hong Kong Convention & Exhibition Centre.
The theme for the event is “Global Connectivity” and topics will include:
• What are the challenges and opportunities for Asia as it connects with the rest of the world?
• How can the commodities world find value connecting with Asia?
LME Week Asia was first held by HKEx in Hong Kong in June 2013. The Metals Seminar Asia attracted over 500 senior executives representing more than 250 companies from all over the world.
Industry leaders and key market players shared their insights and views on the future of commodities in Asia and, in particular, the growing influence of Mainland China.
What: LME Metals Seminar Asia – Global Connectivity
When: 24 April, 2014 (Thursday)
Where: Hong Kong Convention and Exhibition Centre, Wanchai, Hong Kong
Keep an eye out for updates at: http://www.hkexgroup.com/lmeweekasia
In other news: YIEH reports that Japan’s Tokyo Steel announced to raise its scrap purchasing prices by ￥500/ton from October 17th. After the adjustment, its H2 scrap prices averaged at ￥34,000~￥36,000/ton.
Among them, the scrap purchasing prices at Utsunomiya works are at ￥36,000/ton; those in Okayama works are at ￥35,000/ton~￥35,500/ton; those in Kyushu works are at ￥35,000~￥36,000/ton; those in Tahara works are at ￥34,500/ton; and those in Takamatsu steel center are at ￥34,000/ton.