By Anil Mathews (ScrapMonster Author)
July 01, 2016 01:30:29 AM
BEIJING (Scrap Monster): The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index as on Thursday, June 30th.
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 150 per MT to CNY 26,750 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 22,850 per MT.
Copper Transformer scrap prices moved higher by CNY 50 per MT. An up move of CNY 100 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 100 and CNY 150 per MT respectively on Thursday, June 30th.
Meantime, Scrap Electric Motors and Sealed Units saw price increase of CNY 50 per MT each over the previous day.