By Anil Mathews (ScrapMonster Author)
April 11, 2016 03:01:45 AM
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp downfall on ScrapMonster Price Index as on Friday, April 8th.
#1 Copper Bare Bright prices were down by CNY 900 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too tumbled by CNY 900 per MT each.
#1 Insulated Copper Wire 85% Recovery was down CNY 300 per MT to CNY 26,400 per MT. The price of #2 Insulated Copper Wire 50% Recovery fell CNY 200 per MT to touch CNY 22,500 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 150 per MT.
Cu/Al Radiator scrap prices witnessed decline of CNY 200 per MT.
Harness Wire 35% Recovery prices were down by CNY 150 per MT.
Heater Cores were down by CNY 300 per MT on Friday, April 8th.
Meantime, Scrap Electric Motors and Sealed Units prices witnessed declines of CNY 50 per MT each over the previous day.