The copper price on the London Metal Exchange moved within a narrow range of $8,200 to $8,300 per tonne through much of last week, before shooting more than $200/t higher as the week closed. This late development has yet to influence prices on the German non-ferrous scrap market.
Accordingly, there had been no changes in wholesale buying-in prices reported by the news agency MBI for the working week which began on 11 December. Copper scrap prices were stable, and brass scrap, old zinc scrap and aluminium scrap grades also saw a roll over in MBI's report.
There had also been few shifts reported on the sales side of the market Prices for the copper scrap grade Kabul yielded by €10/t, according to the German Metal Traders Association (VDM), which reported the same drop in prices for brass scrap.
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