Chinese copper scrap prices stage big rally on Index 11th July, 2016

By Anil Mathews (ScrapMonster Author)

July 12, 2016 03:16:52 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Monday, July 11th.

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 26,650 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 100 per MT to touch CNY 22,750 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 50 and CNY 150 per MT respectively on Monday, July 11th.

Meantime, Scrap Electric Motors and Sealed Units remained unchanged over the previous day.