The Davis Index price for #1 Export Copper is $2.55/lb, unchanged from last week’s index.
Copper cathode and #2 copper are indexed at $2.75/lb and 2.39/lb, respectively.
Spreads in the US are expected to widen moving into the holiday week and year-end period.
Some scrap dealers are happy to sit on what little copper scrap they do have until the numbers strengthen after Jan 1, 2020.