By Anil Mathews (ScrapMonster
January 11, 2016 04:31:31 AM
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Friday, January 8th.
#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 26,500 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 50 per MT to touch CNY 22,450 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 50 per MT.
Harness Wire 35% Recovery and Heater Cores were down by CNY 100 per MT each on Friday, January 8th.
Meantime, Scrap Electric Motors and Sealed Units prices witnessed marginal decline of CNY 50 per MT each over the previous day.