Chinese copper scrap prices tumbled on Index

By Anil Mathews (ScrapMonster Author)

February 25, 2016 02:49:52 AM

BEIJING (Scrap Monster):The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Wednesday, February 24th.

#1 Copper Bare Bright prices were down by CNY 300 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 300 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 150 per MT to CNY 26,350 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 100 per MT to touch CNY 22,550 per MT.

Copper Transformer scrap prices too declined by CNY 100 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 100 per MT and CNY 150 per MT respectively on Wednesday, February 24th.

Meantime, Scrap Electric Motors and Sealed Units prices held steady over the previous day.