11 Oct 2013 Last updated at 08:28:42 GMT
MONTREAL (Scrap Monster) : The USA Mid West Copper Scrap Prices showed slight up move on the Scrap Monster Price Index on October 10th Thursday.
The Scrap prices of Copper along with some of the Stainless Steel items showed recovery today on index. The price of # 1 Copper Wire and Tubing moved up by $ 0.01 per Lb at $ 3.08 per Lb. An increase in the price of # 2 Copper Wire and Tubing was reported by same $ 0.01 per Lb. # 1 Copper Bare Bright Scrap Price too went high by $ 0.01 per Lb. Though Insulated Copper Wire prices remained unchanged, the price of # 3 Copper – Light Copper rose by $ 0.01 per Lb. The same uptrend followed for the prices of Cu/Al Radiators and Cu/Al Radiators/Fe, which went up by $ 0.01 per Lb each. But, the prices of Copper Transformer Scrap, Heater Cores, Scrap Electric Motors, Sealed Units, Starters and Xmas Lights remained unaffected by market changes.
Similarly, slight up move was found in the prices of Al/Cu Radiators and Al/Cu Radiators/Fe which increased by same $ 0.01 per Lb. Changes for the prices of some of the Stainless Steel Scraps items were found on Oct 10th. The prices of 304 SS and 316 SS scraps increased by $ 0.01 per Lb each. A steady increase in the price of 316 SS Solid scrap was also reported on index today.
Author: Paul Ploumis