This decision follows reports of sufficient liquidity in the local market for that grade, which surfaced after the 30-day consultation period to delist the grade had closed.
The assessment will be reinstated effective in the next North American non-ferrous scrap dealer buying price assessment on Monday September 16.
The price was originally delisted ahead of the September 2, 2024 assessment, following a 30-day consultation period.
Specifications for the grade are as follows:
MB-CU-0042 Copper scrap light copper, dealer buying price, delivered to yard Toronto, Canadian cents/lb
Quality: Shall consist of miscellaneous, unalloyed copper scrap having a nominal 92% copper content (min. 88%) as determined by electrolytic assay and shall consist of sheet copper, gutters, downspouts, kettles, boilers, and similar scrap. Should be free of the following: Burnt hair wire; copper clad; plating racks; grindings; copper wire from burning, containing insulation; radiators and fire extinguishers; refrigerator units; electrotype shells; screening; excessively leaded, tinned, soldered scrap; brasses and bronzes; excessive oil, iron and non-metallics; and should be reasonably free of ash. Hydraulically briquetted copper subject to agreement. Any items excluded in this grade are also excluded in the higher grades above.
Location: US/Canada, specified city, delivered to yard
Unit: US cents per pound (Canadian cities prices are in local currency)
ISRI code: Dream
These prices form part of Fastmarkets’ scrap package.
To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to the non-ferrous city scrap assessments, please contact Sean Barry at pricing@fastmarkets.com. Please add the subject heading: “FAO: Sean Barry, re: Non-ferrous city scrap prices.”
To see all of Fastmarkets AMM’s pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
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