Chinese copper scrap prices tumbled on Index on Market 30th Mar, 2016

By Anil Mathews (ScrapMonster Author)

March 31, 2016 02:16:58 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index  as on Wednesday, March 30th.

#1 Copper Bare Bright prices were down by CNY 500 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 500 per MT each.

#1 Insulated Copper Wire 85% Recovery was down CNY 200 per MT to CNY 26,750 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 150 per MT to touch CNY 22,750 per MT.

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

Cu/Al Radiator scrap prices witnessed decline of CNY 150 per MT.

Harness Wire 35% Recovery prices were down by CNY 100 per MT.

Heater Cores were down by CNY 200 per MT on Wednesday, March 30th.

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