Market Update- 17th June, 2015: Chinese copper scrap prices dropped sharply

By Paul Ploumis 18 Jun 2015 Last updated at 06:32:52 GMT

BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Wednesday, June 17th.

#1 Copper Bare Bright prices were down by CNY 350 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 350 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 150 per MT to CNY 30,500 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 25,750 per MT.

Copper Transformer scrap prices too declined by CNY 50 per MT over the previous day. The prices of Cu Yokes too declined by CNY 100 per MT.

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

Harness Wire 35% Recovery and Heater Cores were down CNY 50 and CNY 150 per MT respectively on Wednesday, June 17th.

Meantime, Scrap Electric Motors and Sealed Units prices remained flat over the previous day.

Subscribe to Scrap Monster Live Scrap Prices