Market Update: 27th Mar, 2015- North American copper scrap prices declined

Published: Mar 31, 2015 09:16

Save

The North American copper scrap prices declined on ScrapMonster Price Index as on March 27th, Friday.

Author: Paul Ploumis
30 Mar 2015 Last updated at 09:23:16 GMT
TORONTO (Scrap Monster): The North American copper scrap prices declined on ScrapMonster Price Index as on March 27th, Friday.

Alternator prices remained flat over the day. The price of #1 Copper Wire and Tubing slipped by $0.04 per Lb. #2 Copper Wire and Tubing prices were also down by $0.04 per Lb. The price of #1 Copper Bare Bright also went lower by $ 0.04 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery declined by $0.02 per Lb. #2 Insulated Copper Wire 50% Recovery prices dropped by $0.01 per Lb from the previous day prices. #3 Copper-Light copper prices dropped by $0.04 per Lb.

The prices of Copper Radiator witnessed a down move of $0.02 per Lb.

Copper Transformer scrap and Cu/Al Radiator Ends prices remained unchanged.

The prices of Cu Yokes too witnessed no change.

The Cu/Al Radiators and Cu/Al Radiators/Fe prices declined by $0.01 per Lb each when compared with the previous day.

Meanwhile, the price of Romex Wire declined by $0.02 per Lb on March 27th.

Harness Wire 35% Recovery prices remained steady over the day. Heater Core prices declined by $0.02 per Lb.

Scrap Electric Motors, Sealed units, Starters and Xmas Lights remained unchanged over the day.

Subscribe to Scrap Monster Live Scrap Prices

Copper Scrap price bare bright tubing wire Transformer Radiator Harness wire Heater core sealed unit

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

13 hours ago

Fed Governor Milan Pushes for Over 100 Basis Points Cut, Contradicts Barkin on Caution

Federal Reserve Governor Milan pointed out that it is necessary for the US Fed to cut interest rates by more than 100 basis points this year. At the same time, he is very much looking forward to the performance of Kevin Warsh as Fed Chairman. However, Richmond Fed President Barkin emphasized that monetary policy must remain cautious until inflation fully pulls back to the target level, thereby ensuring the stability of the labour market.

13 hours ago

Democratic Senators Demand Delay in Fed Nomination Amid Criminal Investigation

All 11 Democratic members of the US Senate Banking Committee jointly sent a letter to the committee's chairman, Tim Scott, requesting that all nomination processes for the prospective Fed Chairman, Kevin Warsh, be postponed until the criminal investigation into current Fed Chairman Powell and other board members is concluded. However, Scott stated that Warsh's confirmation was a done deal.

13 hours ago

Fed to Keep Large Banks' Capital Levels Unchanged, Postpones Stress Test Reforms Until 2027

The US Fed has announced that it will maintain the capital levels of large banks unchanged during the upcoming stress test cycle (corresponding to the 2026 cycle). At the same time, the US Fed is planning multidimensional reforms to this annual test, aiming to enhance its transparency. The US Fed's Vice Chair for Supervision, Bowman, revealed that adjustments to the stress capital buffer requirements for large banks will be postponed until 2027. This move is intended to provide the US Fed with sufficient time to evaluate potential flaws that may be exposed in its testing models when assessing banks' financial conditions under simulated economic downturn scenarios.

13 hours ago