Chinese copper scrap prices dropped significantly 18th July, 2016

By Anil Mathews (ScrapMonster Author)

July 19, 2016 06:57:16 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall onScrapMonster Price Index  as on Monday, July 18th.

#1 Copper Bare Bright prices were down by CNY 600 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 600 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 200 per MT to CNY 26,800 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 22,850 per MT.

Copper Transformer scrap prices too declined by CNY 100 per MT over the previous day. The price of Cu Yokes declined by CNY 100 per MT.

Cu/Al Radiator scrap prices witnessed decline of CNY 100 per MT.

Harness Wire 35% Recovery prices witnessed decline of CNY 100 per MT.

Heater Cores were down by CNY 200 per MT on Monday, July 18th.

Meantime, Scrap Electric Motors and Sealed Units prices were down by CNY 50 per MT over the previous day.