Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The spreads for US domestic copper scrap grades were flat on Tuesday as the Comex market continues to strengthen and demand for copper scrap falters. Spot pricing increased on Tuesday as Comex rose in anticipation of economic restarts around the globe.


The spread for US Bare Bright copper scrap (Barley) delivered US consumer held at 11.3¢/lb under the April Comex contract, on Tuesday, while the weekly Davis Index for bare bright increased by 5.5¢/lb to $2.23/lb delivered US consumer.


The spread for #1 copper (Berry/Candy) was flat at $0.203/lb, under the April Comex contract, with the index for the grade increasing by 7¢/lb to $2.143/lb. 


The spread for #2 copper chops remained at $0.368/lb under April Comex, while the Davis Index for #2 copper chops increased by 6.5¢/lb to $1.976/lb.


The Comex spot market increased on Tuesday to $2.347/lb from $2.27/lb, on April 7.

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