North American copper scrap benchmarks slide ~3.3% in the Sep 25-Oct 1 week
ScrapMonster's weekly report for September 25-October 1, 2026 (published Oct 2) shows broad North American copper scrap weakness: COMEX copper futures closed at USD 6.5828/lb on Oct 1, down 3.05% on the week, with the LME 3-month contract at $14,243.50/MT. The three major clean grades each lost $0.22/lb (#1 Bare Bright -3.30%, #1 Wire & Tubing -3.35%, #2 -3.40%) and #3 Light Copper fell 3.45%. China copper scrap eased 0.09% and India 0.77%. The report notes trade-policy uncertainty and narrowing COMEX-LME spreads are reducing the incentive to redirect refined copper units into U.S. warehouses.
ScrapMonster's weekly report for September 25-October 1, 2026 (published Oct 2) shows broad North American copper scrap weakness: COMEX copper futures closed at USD 6.5828/lb on Oct 1, down 3.05% on the week, with the LME 3-month contract at $14,243.50/MT. The three major clean grades each lost $0.22/lb (#1 Bare Bright -3.30%, #1 Wire & Tubing -3.35%, #2 -3.40%) and #3 Light Copper fell 3.45%. China copper scrap eased 0.09% and India 0.77%. The report notes trade-policy uncertainty and narrowing COMEX-LME spreads are reducing the incentive to redirect refined copper units into U.S. warehouses.
Research completed: 2026-10-03T11:57:01.000Z.
Received by Insights: 2026-10-03T12:19:53.195Z.
Source publication date: 2026-10-02.
Sources:
2026-10-02 — https://www.scrapmonster.com/news/weekly-metal-price-report/scrap-metal-prices-weekly-market-report-september-25-october-1-2026-2026-10-2/100160
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来源：Mecuvo upstream research · scrapmonster.com