Author: Paul Ploumis21 May 2015 Last updated at 03:22:06 GMT
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Wednesday, May 20th.
#1 Copper Bare Bright prices were down by CNY 900 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 900 per MT each.
#1 Insulated Copper Wire 85% Recovery was down CNY 400 per MT to CNY 31,700 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 150 per MT to touch CNY 26,350 per MT.
Copper Transformer scrap prices declined by CNY 50 per MT. A similar fall of CNY 100 per MT was witnessed in Cu Yokes.
Cu/Al Radiator scrap prices witnessed decline of CNY 150 per MT.
Harness Wire 35% Recovery and Heater Cores were down CNY 100 and CNY 400 per MT respectively on Wednesday, May 20th.
Meantime, Scrap Electric Motors and Sealed Units prices declined by CNY 50 per MT.