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

US copper scrap export spreads narrowed Wednesday on rising demand from Asia.


Transactional prices increased with the next active Comex contract closing Wednesday at $2.26/lb, up by 7¢/lb from $2.19/lb on April 1.

The Davis Index spread for #1 copper wire and tube (Berry/Candy) narrowed to 19.5¢/lb fas US ports under the next active Comex contract, tighter by 2¢/lb. 


The spread for #2 copper (Birch/Cliff) remained at 31.1¢/lb fas US ports, under the next active month on Comex. The spread for Bare Bright (Barley) tightened by 0.6¢/lb to 9.4¢/lb fas under the next active Comex.

The weekly Davis Index for #1 copper wire and tube increased by $2.10/lb from $1.99/lb, while the index for #2 copper rose from $1.845/lb fas on April 1 to $1.90/lb fas US port on Wednesday. The Davis Index for Bare Bright (Barley) increased to $2.17/lb fas US port from $2.11/lb fas on April 1.



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