Chinese copper scrap prices rallied sharply on Index 1st Aug, 2016

By Anil Mathews (ScrapMonster Author)

August 02, 2016 03:30:22 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed sharp rise on ScrapMonster Price Index  as on Monday, August 1st.

The #1 Copper Bare Bright and #1 Copper Wire and Tubing saw price rise of CNY 600 per MT each.

The price of #2 Copper Wire and Tubing also increased by CNY 600 per MT.

#1 Insulated Copper Wire 85% Recovery was up CNY 200 per MT to CNY 27,000 per MT. The price of #2 Insulated Copper Wire 50% Recovery went higher by CNY 150 per MT to touch CNY 22,900 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 150 per MT over the previous day.

Harness Wire 35% Recovery and Heater Cores were up by CNY 100 and CNY 200 per MT respectively on Monday, August 1st.

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