Long term purchase contract for copper scrap, concluded by Copper Foil and Copper and Brass Makers, and Raw Materials Wholesaler, both terms of price and volume is likely to get worse in January-March. Buying motive of makers is dropping due to decreasing demand in and after Autumn. They have not sourced raw materials on spot, and purchasing volume for long term contract will be also cut in and after January. Market price remains restrained because buying motive of raw materials wholesaler and business firm is decreasing.
Japan Steel Scrap Composite Prices (Sangyo Press)03/30/2020
|19600YEN (-400)||21800YEN (-200)|
|180.35US$ (-1.55)||200.59US$ (0.5)|
* Average of electric furnaces steel maker's purchasing price in Tokyo, Osaka and Nagoya (per ton)