Scrap Metal Prices and Scrap Metal Auctions

Spurred by the better stock market in the EU and UAS, the London Metal Exchange (LME) showed that copper futures on 29th rebounded, rose and finally closed at 7,255 points, up by 80 points, or 1.11%. Inventory, on Thursday, rose 100 tons, totally to 411,525 tons.
Today Shanghai copper opened high, rebounded and closed a little [...]

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Spurred by the decrease in dollar value and less stock, the London Metal Exchange (LME) showed that copper futures on 28th rose and finally closed at 7,175 points, up by 90 points, or 1.27%. Inventory, on Wednesday, dropped 2,375 tons, totally to 411,425 tons.
Today Shanghai copper opened high and rose, mainly on the shock. Contract [...]

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Spurred by sharp decrease in the stock market, copper price was reduced largely. Domestic copper price was lower by 500-700 RMB/T. The overall trading atmosphere was no better than last week. Sellers shipped positively, but buyers were watching the market outlook for the decreased price. Spurred by the economic data of China and USA, global [...]

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WorldScrap- spurred by the weak china’s economic data and European bank financing issues, the London Metal Exchange (LME) showed that copper futures closed down on 29th and finally closed at 6,490 points, down by 325 points, or 4.77%. LME stockpiles, on Tuesday, decreased 1,225 tons, totally to 451,950 tons.
Today Shanghai copper opened low and ran [...]

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Today, Shanghai copper opened low and tumbled down. Contract 1009 closed at 53,180 points, down by 430 points, or 0.8%, trading at 52,930 to 53,800, positions reduced 11,648 hands, volume reduced significantly.
On the spot market, the Yangtze 1 # electrolytic copper 53,980-54,080 RMB/T, up by 130 RMB/T; Shanghai 1 # copper 53,900-54,100 RMB/T, up by [...]

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Story – read Scrap Copper Use Will Be ‘Good,’ Alter Trading Says

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Aluminum and Aluminum Scrap Prices
Shanghai aluminum shocked up today and closed high. Contract 1009 closed at 14,720 points, up by 555 points, or 3.92%, trading at 14,225 to 14,720, positions increased 5,242 hands, turnover rose slightly.
On the spot market, the Yangtze A00 aluminum 13,940-13,980 RMB/T, up by 180 RMB/T; Shanghai A00 aluminum ingot 13,970-14,000 RMB/T, [...]

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Today, Shanghai copper stopped closing at 50,100 points, down by 2,640 points, or 5.01%, positions reduced 15,866 hands, and trading volume fell sharply.
On the spot market, the Yangtze 1 # electrolytic copper 50,070-50,220 RMB/T, down by 3,255 RMB/T; Shanghai 1 # copper 50,000-50,170 RMB/T, down by 3,290 RMB/T; Guangdong Nanchu 1 # electrolytic copper 50,200-50,400 [...]

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