A rush of bookings prior to tile start of the Chinese New Year holidays next week has boosted prices on copper wire scrap. Suppliers of Barley No I have been tile biggest gainers over the past week, securing sales into China at between 1,540 dollars and 1,550 dollars per ton c&f. "Prices have definitely gone higher," commented a trading source in Singapore. Berry No I wire is lower Ill price, as demand from Chinese buyers is weaker. "There's a little bit of a discount on Berry as there is not such a strong market in China," said a Hong Kong trader. Nevertheless, prices have risen slightly: in Singapore, market sources placed Berry No 1 at just below the 1,500 dollars c&f China port mark.
NSTL
