19 Oct 2012 Last updated at 07:31:14 GMT

SHANGHAI (Scrap Monster): Shanghai Futures Exchange copper prices dropped by 0.7% this week as market participants mulled the latest Chinese macro data, with most remaining on the sidelines as LME Week wound down.
SHFE January copper settled at 58,710 yuan ($9,328) per tonne on Friday October 19, also down 0.7% from the previous session. Spot copper prices fell by 90 yuan to 58,870-59,970 yuan per tonne.
“Most tend to be bullish towards medium-to-long term copper demand, the current market still lacks an imminent boost,” said a Shanghai-based analyst.
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North American Scrap Prices
Scrap Name
Price
High/Low
- 6063 Extrusions
- 0.81
- 0

- 6061 Extrusions
- 0.80
- 0

- #1 Copper Bare Br..
- 3.10
- -0.15

- # 1 Copper Wire a..
- 2.98
- -0.17

- # 2 Copper Wire a..
- 2.80
- -0.16

- Yellow Brass
- 2.14
- -0.04

- Scrap Electric Mo..
- 0.40
- +0.01

- Old Sheet
- 0.68
- -0.02

- Al/Cu Radiators
- 1.64
- 0

- Old Cast
- 0.71
- -0.01

- Alternator
- 0.64
- 0

- Zorba 90% NF
- 0.71
- 0

- 304 SS Solid
- 0.67
- +0.01


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