Market Update- 14th Aug, 2015: Chinese copper scrap prices decline

By  Paul Ploumis 17 Aug 2015  Last updated at  05:27:53 GMT

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Friday, August 14th.

#1 Copper Bare Bright prices were down by CNY 250 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 250 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 100 per MT to CNY 29,150 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 50 per MT to touch CNY 24,800 per MT.

Copper Transformer and Cu Yokes prices remained flat over the previous day.

Cu/Al Radiator scrap prices witnessed decline of CNY 50 per MT.

Harness Wire 35% Recovery prices held steady.

Heater Cores were down by CNY 100 per MT on Thursday, August 14th.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.