Chinese copper scrap prices surged on Index-3rd June, 2016

By Anil Mathews (ScrapMonster Author)

June 06, 2016 06:41:43 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Friday, June 3rd.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 400 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 400 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 100 per MT to CNY 26,200 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 22,400 per MT.

Copper Transformer scrap prices moved higher by CNY 50 per MT. An up move of CNY 50 per MT was witnessed in Cu Yokes.

Cu/Al Radiator prices increased by CNY 100 per MT over the previous day.

Harness Wire 35% Recovery and Heater Cores were up by CNY 50 and CNY 100 per MT respectively on Friday, June 3rd.

Meantime, Scrap Electric Motors and Sealed Units saw no change in prices over the previous day.