Chinese copper scrap prices dropped slightly on Index 23rd January, 2017

Published: Jan 25, 2017 10:29 (GMT+8)
Chinese copper scrap prices declined marginally on Scrap Monster Price Index on Monday, January 23rd.

By Anil Mathews

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed marginal downfall on ScrapMonster Price Index  as on Monday, January 23rd.

#1 Copper Bare Bright prices were down by CNY 200 per MT over the previous day. The price of #1 Copper Wire and Tubing and #2 Copper Wire and Tubing too declined marginally by CNY 200 per MT each.

#1 Insulated Copper Wire 85% Recovery prices were unchanged at CNY 28,300 per MT upon comparison with the previous day. The price of #2 Insulated Copper Wire 50% Recovery remained unchanged over the previous day.

Copper Transformer and Cu Yokes prices remained flat over the previous day.

Cu/Al Radiator scrap prices too held steady over the day. Harness Wire 35% Recovery prices held steady.

Heater Cores prices declined by CNY 50 per MT to CNY 28,600 per MT on Monday, January 23rd.

Meantime, Scrap Electric Motors and Sealed Units prices remained unchanged when compared with the previous day.

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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