The scrap copper market is looking weak.  Most of the brass ingot makers are continuing to operate just to stay afloat not necessarily to turn a profit.  Some of the ingot makers are working on a four day work week.  This is because the demand for brass just isn’t there like it was for the first 3 quarters of last year.

Scrap dealers are looking for any positive news in this dismal market.  A couple market sources have stated that China is inching back into the market.  Some of the Chineese consumers who have not bought for the last 3 months have started buying again.  This is good news for scrap dealers as this may increase demand worldwide.

Overall there is still little demand for copper and most sellers are still holding.  Individuals are holding because they were spoiled last year by selling their copper for $2.00 to $3.00 per lb.  Now that prices are about $1.00 and below most sellers are waiting for the market to return to where it was.  Most market experts feel that we will not see $2.00 to $3.00 per lb. prices for a long time to come, if ever.

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