Copper Prices Reach 9 Month Low of $3.7825 per pound

Spot market copper prices are currently at $3.8019 per lb off there 9 month low of $3.7825 that was established today.  Bloomberg Businessweek reports that Copper fell to a nine-month low in New York on speculation Europe’s debts are hampering growth, curbing metals demand.

Scrap prices on the East Coast USA are reflecting the lower copper prices.   As obtained from Rockaway Recycling, here are current scrap copper prices

#1 Bare Bright Wire $3.25 /lb.
#1 Copper Tubing/Flashing $3.00 /lb
#2 Copper Tubing/Wire (Tin Coat) $2.70 /lb.
#3 Roofing Copper $2.55 /lb.
Ins. Copper Wire (Cat 5/6) $1.00 /lb.
THHN Cable $1.90 /lb.
Insulated Cable $2.25 /lb.
500-750 MCM (Bare Bright Inside) $2.60 /lb.