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

US copper scrap export spreads were unchanged on Wednesday as the next active Comex market continues to lose strength on concerns over the economic impact of the spread of the COVID-19 virus in the US.


Weekly transactional prices moved lower on Wednesday, with the next-active Comex contract closing at $2.50/lb, down from $2.59/lb a week ago.


The Davis Index spreads for #1 copper wire and tube (Berry/Candy) remained unchanged at 22¢/lb fas US port, while spreads for #2 copper (Birch/Cliff) held at 37¢/lb, under the next active month Comex fas US port. Bare Bright (Barley) spreads tightened slightly to 12.8¢/lb from 13¢/lb under the next active Comex fas US port.


The weekly Davis Index for #1 decreased to $2.29/lb fas US port from $2.36/lb the previous week. The index for #2 copper lowered from $2.211/lb on March 4 to $2.109/lb fas US port on Wednesday. The Davis Index for Bare Bright (Barley) also dropped to $2.361/lb fas US port, down from $2.439/lb a week ago.

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