Chinese copper scrap prices declined marginally on 6th February, 2017

Published: Feb 07, 2017 14:52 (GMT+8)
The Chinese copper scrap prices witnessed marginal downfall on ScrapMonster Price Index  as on Monday, February 7th.

February 07, 2017 01:15:48 AM

BEIJING (Scrap Monster):  The Chinese copper scrap prices witnessed marginal downfall on ScrapMonster Price Index  as on Monday, February 7th.

#1 Copper Bare Bright prices were down by CNY 150 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 150 per MT each.

#1 Insulated Copper Wire 85% Recovery prices were down by CNY 50 per MT to CNY 27,950 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 27,650 per MT on Monday, February 7th.

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
ADC12 Cost Support Continues, Pre-Holiday Demand Mildly Improves [Aluminum Scrap and Secondary Aluminum Weekly Review]
53 mins ago
ADC12 Cost Support Continues, Pre-Holiday Demand Mildly Improves [Aluminum Scrap and Secondary Aluminum Weekly Review]
Read More
ADC12 Cost Support Continues, Pre-Holiday Demand Mildly Improves [Aluminum Scrap and Secondary Aluminum Weekly Review]
ADC12 Cost Support Continues, Pre-Holiday Demand Mildly Improves [Aluminum Scrap and Secondary Aluminum Weekly Review]
[Secondary Aluminum Weekly Review: ADC12 Cost Support Persists, Pre-Holiday Demand Improves Mildly] This week, SMM ADC12 prices held steady at 24,500 yuan/mt. On the cost side, aluminum scrap raw material prices fluctuated within a limited range overall this week, but the impact of stricter tax invoice policy enforcement became more evident in the market. Compliance requirements for enterprise procurement increased, the supply of invoiced aluminum scrap remained relatively tight, and comprehensive raw material procurement costs for some enterprises stayed at elevated levels.
53 mins ago
[SMM Steel] India Domestic Steel Prices Ease on Slow Demand, Cautious Buying
1 hour ago
[SMM Steel] India Domestic Steel Prices Ease on Slow Demand, Cautious Buying
Read More
[SMM Steel] India Domestic Steel Prices Ease on Slow Demand, Cautious Buying
[SMM Steel] India Domestic Steel Prices Ease on Slow Demand, Cautious Buying
[India Domestic] Domestic steel prices extended decline amid weak demand and cautious buying. The small decline looks like a short pause after a big rise as buyers wait to see whether prices hold. Mandi ingot down 8 USD/tonne (800 INR/tonne) to 485 USD/tonne (46,500 INR/tonne) EXW Mandi. HMS 1&2 (80:20) down 7 USD/tonne (700 INR/tonne) to 394 USD/tonne (37,800 INR/tonne) delivered Mandi. Raipur billet down 5 USD/tonne (500 INR/tonne) to 453 USD/tonne (43,500 INR/tonne) EXW Raipur. Domestic demand and firm raw-material costs are supporting local billet prices, while overseas buyers remain cautious and are resisting higher offers. Mumbai Rebar decreased 5 USD/tonne (500 INR/tonne) to 537 USD/tonne (51,500 INR/tonne) EXW Mumbai. Sponge iron PDRI down 3 USD/tonne (300 INR/tonne) to 289 USD/tonne (27,800 INR/tonne) EXW Raipur. Domestic steel market may pick up after the monsoon and prices may likely to go up in coming weeks which could support rebar demand.
1 hour ago
Tax compliance underpins raw material costs, aluminum scrap prices remain stable 【Aluminum Scrap Daily Review】
1 hour ago
Tax compliance underpins raw material costs, aluminum scrap prices remain stable 【Aluminum Scrap Daily Review】
Read More
Tax compliance underpins raw material costs, aluminum scrap prices remain stable 【Aluminum Scrap Daily Review】
Tax compliance underpins raw material costs, aluminum scrap prices remain stable 【Aluminum Scrap Daily Review】
1 hour ago