Market Update-Nov 9, 2016: North American Copper Scrap Prices Rise Sharply

Published: Nov 10, 2016 14:45
The North American copper scrap prices rose sharply on November 9th, Wednesday.

November 10, 2016 12:21:21 AM

TORONTO (Scrap Monster): The North American copper scrap prices rose sharply on ScrapMonster Price Index  as on November 9th, Wednesday.

Alternator prices remained flat during the day. The price of #1 Copper Wire and Tubing surged higher by $0.08 per Lb. #2 Copper Wire and Tubing prices were also up by $0.08 per Lb. The price of #1 Copper Bare Bright also went higher by $ 0.08 per Lb.

The prices of #1 Insulated Copper Wire 85% Recovery and #2 Insulated Copper Wire 50% Recovery went higher by $0.02 per Lb each from the previous day. The prices of #3 Copper-Light copper were up by $ 0.08 per Lb.

The prices of Cu Yokes and Copper Transformer Scrap were up by $0.01 per Lb on November 9th.

Copper Radiator prices were up by $0.02 per Lb at $1.39 per Lb.

Cu/Al Radiator Ends prices held steady over the previous day.

The price of Cu/Al Radiators and Cu/Al Radiators/Fe increased by $0.01 per Lb each.

Heater Cores prices rose by $0.02 per Lb. Harness Wire 35% Recovery prices too appreciated by $0.02 per Lb.

Meanwhile, Romex Wire prices edged higher by $0.02 per Lb over the previous day.

The prices of Starters were up by $0.01 per Lb.

Scrap Electric Motors, Sealed units and Xmas Lights prices remained unchanged.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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