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

Published: Aug 17, 2015 17:04 (GMT+8)

Save

The Chinese copper scrap prices declined on Index.

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.

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 for 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

6 mins ago

Cost support remains, pre-holiday demand mediocre [ADC12 Price Daily Review]

[ADC12 price daily review: Cost support remains, pre-holiday demand mediocre] The ADC12 spot market continued to operate steadily overall today, with SMM ADC12 price holding steady at 24,500 yuan/mt from the previous trading day.

6 mins ago

18 mins ago

Cast aluminum alloy reduced positions and rebounded in the night session, moving sideways before the holiday [SMM cast aluminum alloy morning comment]

[Cast aluminum alloy night session reduced positions and rebounded, moving sideways before the holiday] Overnight, the aluminum alloy 2611 contract opened at 23,535 yuan/mt, quickly dipped to a low of 23,470 yuan/mt after the open, then consolidated and rebounded, shot up to 23,730 yuan/mt during the session...

18 mins ago

1 hour ago

Indonesia's Danantara Explores Partnership with CITIC, MIND ID, INALUM for Mineral Resources Development

[SMM Aluminum Express News] Indonesia’s sovereign wealth manager Danantara is exploring cooperation with CITIC Resources, MIND ID and state-owned aluminium producer INALUM to strengthen the development and management of Indonesia’s strategic mineral resources. Danantara CEO Rosan Roeslani said on September 25 that discussions in Jakarta are focused on three areas: capital, mineral resources and infrastructure, with the resources component involving CITIC Resources, MIND ID and INALUM.

1 hour ago