Transactional prices for US brass scrap decreased by 2¢/lb on Friday, while spreads remained unchanged.
The Davis Index for 360-rod borings decreased to $1.760/lb from $1.78/lb. The index for red brass (85:15) decreased to $2.05/lb on Friday, while brass radiators dropped to $1.39lb from $1.41/lb.
The spread for C-200 series copper cash was flat 12¢/lb under Comex, as was the spread for C-200 series zinc cash which remained at at 5.5¢/lb.
The next active Comex price closed on Friday at $2.60/lb, the same as its closing on Feb 14. The three-month LME zinc cash price decreased over the past week closing at 95.39¢/lb on Friday, from 97.64¢/lb a week ago.
Weak demand and decent supply have dampened the spirits of those looking to trade brass scrap. Market participants have lowered scale prices and effectively shut off non-industrial flows, but without an increase in demand from consumers, who are long on copper scrap, prices look to move in line with the change in the suppressed Comex market.