LONDON (Scrap Monster): Physical demand remains lackluster, and Barclays Capital says another important price-support is sagging.
Exchange-traded product “holdings have started to trickle lower with metal held in trust falling by 2.1 (metric tons Tuesday),” they added.
“Outflows have reached 9 tons for the month to date and 12 tons shy of their peak,” the bank concluded.
|Old Sheet||0.68||$US / Lb|
|Al/Cu Radiators||1.56||$US / Lb|
|Old Cast||0.69||$US / Lb|
|6063 Extrusions||0.80||$US / Lb|
|Zorba 90% NF||0.70||$US / Lb|
|6061 Extrusions||0.78||$US / Lb|